Cadent Capital Advisors LLC Makes New Investment in NuScale Power Corporation (NYSE:SMR)

Cadent Capital Advisors LLC bought a new stake in shares of NuScale Power Corporation (NYSE:SMR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 22,963 shares of the company’s stock, valued at approximately $325,000.

Other large investors have also modified their holdings of the company. CoreCap Advisors LLC purchased a new position in NuScale Power during the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC boosted its position in NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after acquiring an additional 1,500 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of NuScale Power in the 4th quarter valued at $42,000. NBC Securities Inc. raised its position in shares of NuScale Power by 165,450.0% in the 1st quarter. NBC Securities Inc. now owns 3,311 shares of the company’s stock worth $46,000 after acquiring an additional 3,309 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in shares of NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after purchasing an additional 986 shares during the last quarter. Institutional investors own 78.37% of the company’s stock.

NuScale Power Stock Down 7.7%

SMR opened at $39.23 on Wednesday. The company has a market cap of $11.16 billion, a P/E ratio of -28.64 and a beta of 2.00. The firm’s 50-day moving average price is $24.13 and its 200-day moving average price is $21.49. NuScale Power Corporation has a 52-week low of $6.88 and a 52-week high of $45.31.

NuScale Power (NYSE:SMR) last released its earnings results on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.06. The company had revenue of $13.38 million for the quarter, compared to the consensus estimate of $1.46 million. NuScale Power had a negative net margin of 273.36% and a positive return on equity of 0.09%. On average, research analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Insider Activity

In related news, CEO John Lawrence Hopkins sold 34,675 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $17.00, for a total value of $589,475.00. Following the transaction, the chief executive officer now owns 49,019 shares in the company, valued at approximately $833,323. This represents a 41.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jacqueline F. Engel sold 1,565 shares of NuScale Power stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $16.94, for a total transaction of $26,511.10. Following the sale, the vice president now owns 1,218 shares of the company’s stock, valued at approximately $20,632.92. The trade was a 56.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,278 shares of company stock valued at $2,286,280 over the last ninety days. 1.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on SMR shares. The Goldman Sachs Group set a $24.00 target price on NuScale Power and gave the company a “neutral” rating in a research note on Tuesday, May 20th. Canaccord Genuity Group set a $35.00 price objective on shares of NuScale Power and gave the stock a “buy” rating in a research report on Thursday, May 29th. CLSA set a $41.00 price objective on shares of NuScale Power and gave the stock an “outperform” rating in a research note on Tuesday, May 27th. BTIG Research restated a “buy” rating on shares of NuScale Power in a research note on Tuesday, May 13th. Finally, UBS Group upped their price target on NuScale Power from $17.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, May 29th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

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.