NuScale Power Co. (NYSE:SMR) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its position in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 801,193 shares of the company's stock after buying an additional 135,178 shares during the quarter. Northern Trust Corp owned approximately 0.31% of NuScale Power worth $14,365,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SMR. Venturi Wealth Management LLC lifted its position in shares of NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after purchasing an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp grew its position in shares of NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock worth $38,000 after acquiring an additional 1,800 shares during the last quarter. Twin Tree Management LP bought a new position in NuScale Power in the 4th quarter valued at about $42,000. Amalgamated Bank grew its position in NuScale Power by 51.8% in the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after buying an additional 986 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in NuScale Power by 2,980.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company's stock valued at $66,000 after acquiring an additional 3,576 shares during the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

NuScale Power Price Performance

Shares of SMR stock opened at $24.04 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $16.46 and a 200 day moving average price of $20.18. NuScale Power Co. has a 12 month low of $5.86 and a 12 month high of $32.30. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of -25.31 and a beta of 1.62.

NuScale Power (NYSE:SMR - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.06. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. The firm had revenue of $13.38 million for the quarter, compared to analysts' expectations of $1.46 million. Research analysts expect that NuScale Power Co. will post -0.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on SMR. BTIG Research reaffirmed a "buy" rating on shares of NuScale Power in a research note on Tuesday. UBS Group lowered their price objective on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $16.60.

Insider Transactions at NuScale Power

In related news, CFO Robert Ramsey Hamady sold 31,496 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $15.70, for a total value of $494,487.20. Following the sale, the chief financial officer now directly owns 29,985 shares of the company's stock, valued at $470,764.50. This trade represents a 51.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Jacqueline F. Engel sold 1,565 shares of NuScale Power stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $16.94, for a total value of $26,511.10. Following the sale, the vice president now directly owns 1,218 shares in the company, valued at $20,632.92. The trade was a 56.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,047 shares of company stock worth $2,514,898 in the last 90 days. Corporate insiders own 1.27% of the company's stock.

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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