5,474 Shares in NuScale Power Corporation $SMR Purchased by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of NuScale Power Corporation (NYSE:SMR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,474 shares of the company’s stock, valued at approximately $217,000.

Other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in NuScale Power during the 1st quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in NuScale Power by 84.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock valued at $31,000 after buying an additional 359 shares in the last quarter. NBC Securities Inc. lifted its holdings in NuScale Power by 165,450.0% during the 1st quarter. NBC Securities Inc. now owns 3,311 shares of the company’s stock valued at $46,000 after buying an additional 3,309 shares in the last quarter. Stone House Investment Management LLC bought a new stake in NuScale Power during the 1st quarter valued at about $50,000. Finally, Geneos Wealth Management Inc. bought a new stake in NuScale Power during the 1st quarter valued at about $60,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

NuScale Power Stock Down 6.6%

NYSE SMR opened at $39.18 on Wednesday. The firm has a market cap of $11.16 billion, a PE ratio of -32.92 and a beta of 2.02. The company has a 50 day moving average price of $38.50 and a 200 day moving average price of $31.87. NuScale Power Corporation has a 52 week low of $11.08 and a 52 week high of $53.50.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The firm had revenue of $8.05 million for the quarter, compared to the consensus estimate 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 anticipate that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Insider Transactions at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 2,372,563 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were 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 in the company, valued at approximately $443,654,282.56. This represents a 19.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 14,140,086 shares of company stock worth $569,889,872. Corporate insiders own 1.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SMR. Barclays began coverage on shares of NuScale Power in a report on Monday, September 29th. They set an “equal weight” rating and a $45.00 price objective for the company. BTIG Research lowered shares of NuScale Power from a “buy” rating to a “neutral” rating in a report on Wednesday, June 25th. Weiss Ratings restated a “sell (e+)” rating on shares of NuScale Power in a report on Saturday, September 27th. Royal Bank Of Canada assumed coverage on shares of NuScale Power in a report on Monday, September 15th. They issued a “sector perform” rating and a $35.00 price target for the company. Finally, Bank of America restated an “underperform” rating and issued a $34.00 price target (down previously from $38.00) on shares of NuScale Power in a report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.67.

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.