Total Wealth Planning & Management Inc. Takes $324,000 Position in NuScale Power Co. (NYSE:SMR)

Total Wealth Planning & Management Inc. bought a new stake in NuScale Power Co. (NYSE:SMR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,050 shares of the company's stock, valued at approximately $324,000.

Several other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new stake in NuScale Power in the fourth quarter valued at approximately $202,000. Kingswood Wealth Advisors LLC bought a new stake in NuScale Power in the fourth quarter worth $265,000. Union Bancaire Privee UBP SA acquired a new position in NuScale Power during the fourth quarter worth $67,000. KBC Group NV acquired a new position in NuScale Power during the fourth quarter worth $70,000. Finally, Caprock Group LLC bought a new position in NuScale Power during the fourth quarter valued at about $1,314,000. Institutional investors own 78.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SMR. BTIG Research reissued a "buy" rating on shares of NuScale Power in a report on Tuesday, May 13th. The Goldman Sachs Group set a $24.00 target price on NuScale Power and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. CLSA increased their price target on NuScale Power from $31.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, UBS Group reduced their price objective on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, NuScale Power presently has a consensus rating of "Moderate Buy" and an average target price of $22.83.

NuScale Power Stock Performance

NYSE:SMR traded down $0.07 during mid-day trading on Wednesday, hitting $35.45. 24,579,442 shares of the company's stock traded hands, compared to its average volume of 8,985,758. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of -37.32 and a beta of 1.62. The firm has a 50 day moving average of $18.45 and a two-hundred day moving average of $20.65. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 12 month low of $6.61 and a 12 month high of $36.85.

NuScale Power (NYSE:SMR - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.06. The company had revenue of $13.38 million during the quarter, compared to analysts' expectations of $1.46 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. On average, equities analysts forecast that NuScale Power Co. will post -0.73 earnings per share for the current fiscal year.

Insider Activity at NuScale Power

In related news, VP Jacqueline F. Engel sold 24,618 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the transaction, the vice president now directly owns 1,149 shares in the company, valued at $16,683.48. The trade was a 95.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John Lawrence Hopkins sold 26,345 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $23.66, for a total value of $623,322.70. The disclosure for this sale can be found here. Insiders sold a total of 184,392 shares of company stock worth $3,138,221 in the last ninety days. 1.27% of the stock is currently owned by insiders.

NuScale Power Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.