15,456 Shares in NuScale Power Co. (NYSE:SMR) Bought by Tema Etfs LLC

Tema Etfs LLC bought a new position in NuScale Power Co. (NYSE:SMR) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 15,456 shares of the company’s stock, valued at approximately $277,000.

Several other large investors have also bought and sold shares of SMR. Samsung C&T Corp bought a new position in NuScale Power during the 4th quarter valued at $46,745,000. Arrowstreet Capital Limited Partnership bought a new position in NuScale Power during the 4th quarter valued at $22,823,000. Vanguard Group Inc. lifted its stake in NuScale Power by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock valued at $151,113,000 after acquiring an additional 635,271 shares in the last quarter. Van ECK Associates Corp lifted its stake in NuScale Power by 41.4% during the 4th quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock valued at $31,317,000 after acquiring an additional 511,168 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in NuScale Power during the 4th quarter valued at $7,628,000. 78.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Jacqueline F. Engel sold 1,565 shares of NuScale Power stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $16.94, for a total value of $26,511.10. Following the completion of the sale, the vice president now owns 1,218 shares of the company’s stock, valued at approximately $20,632.92. This trade represents a 56.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John Lawrence Hopkins sold 34,675 shares of NuScale Power stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $17.00, for a total value of $589,475.00. Following the completion of the sale, the chief executive officer now directly owns 49,019 shares of the company’s stock, valued at approximately $833,323. This trade represents a 41.43% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 184,392 shares of company stock valued at $3,138,221. 1.27% of the stock is owned by insiders.

NuScale Power Trading Up 0.8%

Shares of NuScale Power stock opened at $24.18 on Monday. NuScale Power Co. has a 1 year low of $6.37 and a 1 year high of $32.30. The firm has a market cap of $6.83 billion, a PE ratio of -25.46 and a beta of 1.62. The stock has a fifty day moving average price of $16.62 and a 200-day moving average price of $20.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

NuScale Power (NYSE:SMR) last announced its earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.06. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. The firm had revenue of $13.38 million during the quarter, compared to analyst estimates of $1.46 million. Equities research analysts anticipate that NuScale Power Co. will post -0.73 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on SMR. UBS Group dropped their price objective on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. BTIG Research reaffirmed a “buy” rating on shares of NuScale Power in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, NuScale Power has an average rating of “Moderate Buy” and an average price target of $16.60.

About NuScale Power

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.