Commonwealth Equity Services LLC Has $3.81 Million Holdings in NuScale Power Corporation $SMR

Commonwealth Equity Services LLC lifted its stake in shares of NuScale Power Corporation (NYSE:SMR) by 29.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 269,172 shares of the company’s stock after buying an additional 60,616 shares during the period. Commonwealth Equity Services LLC owned about 0.09% of NuScale Power worth $3,814,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Cibc World Market Inc. increased its holdings in shares of NuScale Power by 3.8% during the third quarter. Cibc World Market Inc. now owns 9,000 shares of the company’s stock worth $324,000 after buying an additional 329 shares in the last quarter. MAI Capital Management increased its holdings in shares of NuScale Power by 37.0% during the third quarter. MAI Capital Management now owns 1,654 shares of the company’s stock worth $60,000 after buying an additional 447 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of NuScale Power by 32.4% during the fourth quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock worth $34,000 after buying an additional 592 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of NuScale Power by 7.6% during the third quarter. Principal Financial Group Inc. now owns 9,706 shares of the company’s stock worth $349,000 after buying an additional 688 shares in the last quarter. Finally, Strategic Advocates LLC acquired a new position in shares of NuScale Power during the third quarter worth $25,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SMR has been the subject of a number of recent research reports. Zacks Research upgraded NuScale Power from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Bank of America initiated coverage on NuScale Power in a report on Friday, May 22nd. They issued a “neutral” rating and a $12.00 price objective for the company. Royal Bank Of Canada decreased their price objective on NuScale Power from $21.00 to $14.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. Citigroup decreased their price objective on NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a report on Monday, May 11th. Finally, B. Riley Financial decreased their price objective on NuScale Power from $24.00 to $19.00 and set a “buy” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.92.

NuScale Power Trading Up 2.4%

Shares of NuScale Power stock opened at $10.76 on Tuesday. The business has a 50-day moving average price of $11.48 and a two-hundred day moving average price of $14.66. NuScale Power Corporation has a 1-year low of $8.85 and a 1-year high of $57.42. The company has a market cap of $3.93 billion, a P/E ratio of -3.68 and a beta of 2.20.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $0.57 million for the quarter, compared to analyst estimates of $7.00 million. The company’s quarterly revenue was down 95.8% on a year-over-year basis. Equities research analysts forecast that NuScale Power Corporation will post -0.46 EPS for the current fiscal year.

Insiders Place Their Bets

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

About NuScale Power

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.