Vanguard Personalized Indexing Management LLC Takes Position in NuScale Power Corporation $SMR

Key Points

• Vanguard Personalized Indexing Management LLC acquired a new position in NuScale Power Corporation with 9,444 shares valued at approximately $374,000 during the second quarter.
• NuScale Power reported a quarterly earnings loss of ($0.13) EPS, missing analysts' consensus estimates, with revenues of $8.05 million falling short of predictions.
• Insider activity indicates a significant stock sale, as Director Corp Fluor sold over 2.3 million shares for approximately $104.37 million, reducing their ownership by 19.04%.

Vanguard Personalized Indexing Management LLC acquired a new stake in shares of NuScale Power Corporation (NYSE:SMR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,444 shares of the company's stock, valued at approximately $374,000.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in NuScale Power in the first quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. grew its position in NuScale Power by 84.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company's stock valued at $31,000 after acquiring an additional 359 shares during the period. Stone House Investment Management LLC bought a new stake in NuScale Power in the first quarter valued at $50,000. Geneos Wealth Management Inc. bought a new stake in NuScale Power in the first quarter valued at $60,000. Finally, Toth Financial Advisory Corp grew its position in NuScale Power by 185.0% in the second quarter. Toth Financial Advisory Corp now owns 1,710 shares of the company's stock valued at $68,000 after acquiring an additional 1,110 shares during the period. 78.37% of the stock is currently owned by institutional investors.

NuScale Power Stock Performance

NuScale Power stock opened at $37.92 on Friday. The firm has a market cap of $10.80 billion, a P/E ratio of -31.87 and a beta of 2.02. The business's fifty day moving average is $38.40 and its two-hundred day moving average is $33.98. NuScale Power Corporation has a 52 week low of $11.08 and a 52 week high of $57.42.

NuScale Power (NYSE:SMR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). The business had revenue of $8.05 million during the quarter, compared to analyst estimates of $10.49 million. NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%. On average, equities research analysts predict that NuScale Power Corporation will post -0.73 earnings per share for the current year.

Insider Activity

In other news, Director Corp Fluor sold 2,372,563 shares of the company's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $43.99, for a total transaction of $104,369,046.37. Following the transaction, the director owned 10,085,344 shares of the company's stock, valued at $443,654,282.56. This represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 15,048,847 shares of company stock worth $606,761,579 over the last quarter. Corporate insiders own 1.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Bank of America reiterated an "underperform" rating and issued a $34.00 price target (down from $38.00) on shares of NuScale Power in a research report on Tuesday, September 30th. Cantor Fitzgerald assumed coverage on NuScale Power in a research report on Tuesday. They issued an "overweight" rating and a $55.00 price target on the stock. Citigroup reiterated a "sell" rating and issued a $37.50 price target (down from $46.00) on shares of NuScale Power in a research report on Tuesday. Canaccord Genuity Group upped their price target on NuScale Power from $44.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Finally, Northland Capmk upgraded NuScale Power to a "hold" rating in a research report on Monday, July 7th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $37.73.

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.

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