Prime Capital Investment Advisors LLC Acquires Shares of 5,211 NuScale Power Corporation $SMR

Prime Capital Investment Advisors LLC acquired a new stake in shares of NuScale Power Corporation (NYSE:SMRFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,211 shares of the company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truist Financial Corp raised its stake in NuScale Power by 23.3% during the second quarter. Truist Financial Corp now owns 47,645 shares of the company’s stock valued at $1,885,000 after buying an additional 9,016 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in NuScale Power by 31.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 193,098 shares of the company’s stock valued at $2,734,000 after buying an additional 46,744 shares in the last quarter. Fox Hill Wealth Management raised its stake in NuScale Power by 29.1% during the second quarter. Fox Hill Wealth Management now owns 121,796 shares of the company’s stock valued at $4,818,000 after buying an additional 27,462 shares in the last quarter. MFG Wealth Management Inc. acquired a new stake in NuScale Power during the second quarter valued at approximately $1,829,000. Finally, Swedbank AB raised its stake in NuScale Power by 6.7% during the first quarter. Swedbank AB now owns 2,402,125 shares of the company’s stock valued at $34,014,000 after buying an additional 149,875 shares in the last quarter. Institutional investors and hedge funds own 78.37% of the company’s stock.

Insider Transactions at NuScale Power

In related news, Director Corp Fluor sold 2,372,563 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $43.99, for a total value of $104,369,046.37. Following the completion of the transaction, the director directly owned 10,085,344 shares of the company’s stock, valued at $443,654,282.56. This represents a 19.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 15,048,847 shares of company stock valued at $606,761,579. Corporate insiders own 1.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on SMR shares. BNP Paribas upgraded NuScale Power to a “hold” rating in a research note on Friday, July 25th. BNP Paribas Exane assumed coverage on NuScale Power in a report on Friday, July 25th. They set a “neutral” rating and a $41.00 target price for the company. Northland Capmk raised NuScale Power to a “hold” rating in a report on Monday, July 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NuScale Power in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada assumed coverage on NuScale Power in a report on Monday, September 15th. They set a “sector perform” rating and a $35.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, NuScale Power presently has a consensus rating of “Hold” and a consensus price target of $36.67.

Check Out Our Latest Stock Report on SMR

NuScale Power Trading Down 3.3%

NYSE:SMR opened at $39.29 on Monday. NuScale Power Corporation has a 52 week low of $11.08 and a 52 week high of $53.50. The firm has a market capitalization of $11.19 billion, a PE ratio of -33.02 and a beta of 2.02. The stock has a 50 day moving average of $37.96 and a 200-day moving average of $32.42.

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

NuScale Power Company Profile

(Free Report)

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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Institutional Ownership by Quarter for NuScale Power (NYSE:SMR)

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