Kestra Private Wealth Services LLC Raises Position in NuScale Power Corporation $SMR

Kestra Private Wealth Services LLC lifted its position in NuScale Power Corporation (NYSE:SMR) by 86.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 112,084 shares of the company’s stock after buying an additional 52,045 shares during the period. Kestra Private Wealth Services LLC’s holdings in NuScale Power were worth $1,215,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp increased its position in shares of NuScale Power by 117.8% during the fourth quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock valued at $163,176,000 after acquiring an additional 6,227,747 shares in the last quarter. Vanguard Group Inc. boosted its stake in NuScale Power by 40.5% during the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock valued at $220,273,000 after purchasing an additional 4,482,254 shares during the last quarter. Clear Street Group Inc. bought a new stake in shares of NuScale Power in the 3rd quarter worth $155,616,000. Voloridge Investment Management LLC bought a new stake in shares of NuScale Power in the 4th quarter worth $48,993,000. Finally, Samsung C&T Corp raised its stake in shares of NuScale Power by 98.9% in the third quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock worth $186,689,000 after purchasing an additional 2,578,702 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SMR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research report on Wednesday, June 24th. HSBC initiated coverage on NuScale Power in a research report on Thursday, April 23rd. They issued a “hold” rating and a $13.00 target price for the company. UBS Group dropped their price target on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. The Goldman Sachs Group set a $9.00 price target on shares of NuScale Power in a research note on Friday, May 8th. Finally, Bank of America began coverage on shares of NuScale Power in a report on Friday, May 22nd. They set a “neutral” rating and a $12.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.92.

Insider Transactions at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 13,500,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total value of $159,435,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 39,936,472 shares of company stock worth $472,831,169 over the last three months. Insiders own 1.28% of the company’s stock.

NuScale Power Price Performance

Shares of NuScale Power stock opened at $10.01 on Wednesday. The company’s fifty day simple moving average is $11.49 and its 200-day simple moving average is $13.58. The stock has a market capitalization of $3.66 billion, a PE ratio of -3.43 and a beta of 2.20. NuScale Power Corporation has a 1-year low of $8.85 and a 1-year high of $57.42.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The company had revenue of $0.56 million during the quarter, compared to analysts’ expectations of $7.00 million. The business’s revenue for the quarter was down 95.8% on a year-over-year basis. As a group, research analysts anticipate that NuScale Power Corporation will post -0.46 EPS for the current year.

NuScale Power Company Profile

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.