Hager Investment Management Services LLC Takes Position in NuScale Power Corporation $SMR

Hager Investment Management Services LLC purchased a new stake in NuScale Power Corporation (NYSE:SMR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,699 shares of the company’s stock, valued at approximately $146,000.

Several other large investors have also modified their holdings of SMR. Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 lifted its stake 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. Albion Financial Group UT lifted its stake 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. Deutsche Bank AG lifted its stake in NuScale Power by 0.9% during the 1st quarter. Deutsche Bank AG now owns 76,082 shares of the company’s stock worth $1,077,000 after acquiring an additional 686 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in NuScale Power by 6.9% during the 1st quarter. Farther Finance Advisors LLC now owns 12,902 shares of the company’s stock worth $189,000 after acquiring an additional 833 shares in the last quarter. Institutional investors and hedge funds own 78.37% of the company’s stock.

Insider Activity at NuScale Power

In other news, Director Corp Fluor sold 2,372,563 shares of the stock in a transaction dated 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 transaction, the director owned 10,085,344 shares in the company, valued at approximately $443,654,282.56. This represents a 19.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 14,140,086 shares of company stock valued at $569,889,872. Corporate insiders own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SMR shares. BNP Paribas raised NuScale Power to a “hold” rating in a research note on Friday, July 25th. Bank of America restated an “underperform” rating and set a $34.00 price target (down previously from $38.00) on shares of NuScale Power in a report on Tuesday, September 30th. Barclays assumed coverage on NuScale Power in a report on Monday, September 29th. They set an “equal weight” rating and a $45.00 price target on the stock. 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 price target on the stock. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of NuScale Power in a report on Wednesday. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, NuScale Power currently has a consensus rating of “Hold” and an average target price of $36.67.

NuScale Power Stock Performance

SMR opened at $38.18 on Thursday. NuScale Power Corporation has a one year low of $11.08 and a one year high of $53.50. The company has a market cap of $10.88 billion, a P/E ratio of -32.08 and a beta of 2.02. The business’s 50-day simple moving average is $38.25 and its 200-day simple moving average is $31.91.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates 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 predict that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

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.