Atlas Private Wealth Advisors Makes New $242,000 Investment in NuScale Power Corporation $SMR

Atlas Private Wealth Advisors purchased a new position in shares of NuScale Power Corporation (NYSE:SMR) in the 2nd quarter, Holdings Channel reports. The firm purchased 6,118 shares of the company’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. grew its holdings in NuScale Power by 21.3% during the 2nd quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock worth $46,000 after acquiring an additional 203 shares in the last quarter. D.A. Davidson & CO. grew its holdings in NuScale Power by 1.0% during the 2nd quarter. D.A. Davidson & CO. now owns 20,822 shares of the company’s stock worth $824,000 after acquiring an additional 212 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew 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 worth $31,000 after acquiring an additional 359 shares in the last quarter. Union Bancaire Privee UBP SA grew its holdings in NuScale Power by 9.1% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 4,612 shares of the company’s stock worth $182,000 after acquiring an additional 386 shares in the last quarter. Finally, Albion Financial Group UT grew its holdings in NuScale Power by 26.2% during the 2nd quarter. Albion Financial Group UT now owns 2,045 shares of the company’s stock worth $81,000 after acquiring an additional 425 shares in the last quarter. Institutional investors and hedge funds own 78.37% of the company’s stock.

Insider Buying and Selling

In related news, Director Corp Fluor sold 87,900 shares of the company’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total value of $3,479,082.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 15,048,847 shares of company stock valued at $606,761,579. 1.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SMR has been the subject of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of NuScale Power in a report on Wednesday, October 8th. Royal Bank Of Canada initiated coverage on shares of NuScale Power in a report on Monday, September 15th. They issued a “sector perform” rating and a $35.00 target price for the company. Canaccord Genuity Group upped their target price on shares of NuScale Power from $44.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Cantor Fitzgerald initiated coverage on shares of NuScale Power in a report on Tuesday, October 21st. They issued an “overweight” rating and a $55.00 target price for the company. Finally, Northland Securities initiated coverage on shares of NuScale Power in a report on Monday, July 7th. They issued a “market perform” rating and a $35.00 target price for the company. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $37.73.

NuScale Power Price Performance

SMR stock opened at $44.70 on Friday. The company has a fifty day moving average price of $39.26 and a 200 day moving average price of $35.35. NuScale Power Corporation has a 12 month low of $11.08 and a 12 month high of $57.42. The company has a market cap of $12.73 billion, a price-to-earnings ratio of -37.56 and a beta of 2.02.

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

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.