NuScale Power (NYSE:SMR) Director Corp Fluor Sells 1,213,069 Shares

NuScale Power Corporation (NYSE:SMR) Director Corp Fluor sold 1,213,069 shares of NuScale Power stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $44.84, for a total value of $54,394,013.96. Following the sale, the director directly owned 8,872,275 shares in the company, valued at $397,832,811. The trade was a 12.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Corp Fluor also recently made the following trade(s):

• On Tuesday, September 23rd, Corp Fluor sold 981,688 shares of NuScale Power stock. The stock was sold at an average price of $42.69, for a total value of $41,908,260.72.
• On Friday, September 19th, Corp Fluor sold 2,372,563 shares of NuScale Power stock. The shares were sold at an average price of $43.99, for a total value of $104,369,046.37.
• On Thursday, September 18th, Corp Fluor sold 1,193,504 shares of NuScale Power stock. The shares were sold at an average price of $38.95, for a total transaction of $46,486,980.80.
• On Wednesday, September 17th, Corp Fluor sold 577,046 shares of NuScale Power stock. The stock was sold at an average price of $36.00, for a total transaction of $20,773,656.00.
• On Tuesday, September 16th, Corp Fluor sold 771,543 shares of NuScale Power stock. The shares were sold at an average price of $37.26, for a total transaction of $28,747,692.18.

NuScale Power Trading Down 7.7%

SMR stock opened at $41.55 on Wednesday. The firm’s 50-day moving average is $40.45 and its two-hundred day moving average is $30.36. The company has a market capitalization of $11.84 billion, a price-to-earnings ratio of -34.91 and a beta of 2.03. NuScale Power Corporation has a 52 week low of $10.71 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) earnings per share (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 company had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. On average, equities research analysts predict that NuScale Power Corporation will post -0.73 earnings per share for the current year.

Analyst Ratings Changes

SMR has been the topic of a number of research reports. Royal Bank Of Canada began coverage on NuScale Power in a research note on Monday, September 15th. They issued a “sector perform” rating and a $35.00 price objective on the stock. BTIG Research lowered NuScale Power from a “buy” rating to a “neutral” rating in a report on Wednesday, June 25th. Northland Capmk raised shares of NuScale Power to a “hold” rating in a report on Monday, July 7th. Bank of America assumed coverage on shares of NuScale Power in a research report on Thursday, August 21st. They set a “neutral” rating and a $36.00 price objective for the company. Finally, Citigroup assumed coverage on shares of NuScale Power in a report on Monday, June 23rd. They issued a “neutral” rating and a $46.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $36.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of NuScale Power by 84.5% in the second 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. Rothschild Investment LLC grew its position in NuScale Power by 45.2% during the 2nd quarter. Rothschild Investment LLC now owns 1,125 shares of the company’s stock worth $45,000 after purchasing an additional 350 shares in the last quarter. Harbour Investments Inc. raised its stake in NuScale Power by 21.3% during the 2nd quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock valued at $46,000 after purchasing an additional 203 shares during the period. Delos Wealth Advisors LLC purchased a new stake in shares of NuScale Power in the second quarter valued at $51,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of NuScale Power in the second quarter valued at $61,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

About NuScale Power

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.