First Command Advisory Services Inc. Takes Position in NuScale Power Corporation $SMR

First Command Advisory Services Inc. bought a new stake in shares of NuScale Power Corporation (NYSE:SMR) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 1,791 shares of the company’s stock, valued at approximately $71,000.

Other hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in NuScale Power in the first quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in 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 purchasing an additional 359 shares during the last quarter. Harbour Investments Inc. lifted its stake in NuScale Power by 21.3% in the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock worth $46,000 after purchasing an additional 203 shares during the last quarter. Stone House Investment Management LLC bought a new stake in NuScale Power in the first quarter worth about $50,000. Finally, Geneos Wealth Management Inc. bought a new stake in NuScale Power in the first quarter worth about $60,000. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group raised their price objective on shares of NuScale Power from $34.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, August 11th. Bank of America reissued an “underperform” rating and issued a $34.00 price objective (down previously from $38.00) on shares of NuScale Power in a research note on Tuesday, September 30th. BNP Paribas lowered shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Royal Bank Of Canada assumed coverage on shares of NuScale Power in a research report on Monday, September 15th. They set a “sector perform” rating and a $35.00 target price on the stock. Finally, BNP Paribas Exane lowered shares of NuScale Power from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $37.73.

NuScale Power Stock Up 2.6%

Shares of SMR stock opened at $38.70 on Tuesday. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of -32.52 and a beta of 2.02. The company’s 50 day moving average is $38.52 and its 200 day moving average is $34.57. NuScale Power Corporation has a 52-week low of $11.08 and a 52-week high of $57.42.

NuScale Power (NYSE:SMR) last issued 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). The business had revenue of $8.05 million for the quarter, compared to analysts’ expectations of $10.49 million. NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. Analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Insider Transactions at NuScale Power

In related news, Director Corp Fluor sold 2,372,563 shares of NuScale Power stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $43.99, for a total transaction of $104,369,046.37. Following the transaction, the director directly owned 10,085,344 shares of the company’s stock, valued at $443,654,282.56. This trade represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 15,048,847 shares of company stock worth $606,761,579 over the last 90 days. Company insiders own 1.96% of the company’s stock.

NuScale Power 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.