NuScale Power (NYSE:SMR) Director Corp Fluor Sells 532,354 Shares

NuScale Power Corporation (NYSE:SMR) Director Corp Fluor sold 532,354 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $36.52, for a total transaction of $19,441,568.08. Following the completion of the transaction, the director owned 3,424,278 shares of the company’s stock, valued at approximately $125,054,632.56. The trade was a 13.45% decrease in their ownership of the stock. The sale was disclosed in a legal 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 30th, Corp Fluor sold 909,055 shares of NuScale Power stock. The stock was sold at an average price of $36.72, for a total value of $33,380,499.60.
• On Monday, September 29th, Corp Fluor sold 697,210 shares of NuScale Power stock. The shares were sold at an average price of $38.95, for a total value of $27,156,329.50.
• On Friday, September 26th, Corp Fluor sold 588,720 shares of NuScale Power stock. The shares were sold at an average price of $37.97, for a total value of $22,353,698.40.
• On Thursday, September 25th, Corp Fluor sold 965,049 shares of NuScale Power stock. The stock was sold at an average price of $37.67, for a total value of $36,353,395.83.
• On Wednesday, September 24th, Corp Fluor sold 773,921 shares of NuScale Power stock. The shares were sold at an average price of $40.49, for a total transaction of $31,336,061.29.
• On Tuesday, September 23rd, Corp Fluor sold 981,688 shares of NuScale Power stock. The shares were sold at an average price of $42.69, for a total transaction of $41,908,260.72.
• On Monday, September 22nd, Corp Fluor sold 1,213,069 shares of NuScale Power stock. The shares were sold at an average price of $44.84, for a total transaction of $54,394,013.96.
• 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 transaction of $104,369,046.37.
• On Thursday, September 18th, Corp Fluor sold 1,193,504 shares of NuScale Power stock. The stock was 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.

NuScale Power Trading Up 7.7%

Shares of SMR opened at $39.45 on Friday. The firm has a fifty day simple moving average of $39.11 and a two-hundred day simple moving average of $31.31. The firm has a market cap of $11.24 billion, a PE ratio of -33.15 and a beta of 2.02. NuScale Power Corporation has a 1-year low of $11.08 and a 1-year high of $53.50.

NuScale Power (NYSE:SMR) last issued 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). NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%.The firm had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. As a group, research analysts forecast that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of 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. Bank of America reiterated an “underperform” rating and issued a $34.00 price target (down from $38.00) on shares of NuScale Power in a research report on Tuesday. UBS Group boosted their price objective on shares of NuScale Power from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. Citigroup began coverage on NuScale Power in a report on Monday, June 23rd. They issued a “neutral” rating and a $46.00 target price on the stock. Finally, BNP Paribas upgraded NuScale Power to a “hold” rating in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.67.

Institutional Trading of NuScale Power

Several institutional investors have recently made changes to their positions in SMR. Wealth Enhancement Advisory Services LLC purchased a new position in NuScale Power in the 4th quarter worth approximately $207,000. California State Teachers Retirement System raised its position in shares of NuScale Power by 17.9% during the fourth quarter. California State Teachers Retirement System now owns 79,687 shares of the company’s stock valued at $1,429,000 after buying an additional 12,070 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of NuScale Power by 5,590.4% in the first quarter. GAMMA Investing LLC now owns 15,364 shares of the company’s stock worth $218,000 after buying an additional 15,094 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of NuScale Power by 12.8% in the first quarter. Rhumbline Advisers now owns 125,708 shares of the company’s stock worth $1,780,000 after buying an additional 14,304 shares in the last quarter. Finally, NBC Securities Inc. boosted its position in shares of NuScale Power by 165,450.0% during the first quarter. NBC Securities Inc. now owns 3,311 shares of the company’s stock worth $46,000 after acquiring an additional 3,309 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Company 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.