SBI Securities Co. Ltd. Trims Holdings in NuScale Power Corporation $SMR

SBI Securities Co. Ltd. decreased its position in NuScale Power Corporation (NYSE:SMR) by 20.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,686 shares of the company’s stock after selling 9,572 shares during the quarter. SBI Securities Co. Ltd.’s holdings in NuScale Power were worth $1,491,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP increased its stake in shares of NuScale Power by 15.3% during the second quarter. Allworth Financial LP now owns 9,734 shares of the company’s stock worth $385,000 after buying an additional 1,295 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of NuScale Power during the second quarter worth $247,000. ProShare Advisors LLC increased its holdings in NuScale Power by 32.8% in the second quarter. ProShare Advisors LLC now owns 26,003 shares of the company’s stock valued at $1,029,000 after buying an additional 6,427 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in NuScale Power in the second quarter valued at $1,060,000. Finally, SouthState Corp boosted its position in shares of NuScale Power by 666.7% during the 2nd quarter. SouthState Corp now owns 2,300 shares of the company’s stock worth $91,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Insider Transactions at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 2,372,563 shares of NuScale Power stock in a transaction on Friday, September 19th. The stock was sold at an average price of $43.99, for a total transaction of $104,369,046.37. Following the sale, the director owned 10,085,344 shares of the company’s stock, valued at $443,654,282.56. The trade was a 19.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 15,030,641 shares of company stock worth $605,953,415. Insiders own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

SMR has been the topic of a number of research reports. Wall Street Zen lowered shares of NuScale Power from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of NuScale Power in a research report on Wednesday, October 8th. Canaccord Genuity Group lifted their price target on NuScale Power from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Barclays began coverage on NuScale Power in a research report on Monday, September 29th. They issued an “equal weight” rating and a $45.00 price objective for the company. Finally, Royal Bank Of Canada reduced their price objective on shares of NuScale Power from $35.00 to $32.00 and set a “sector perform” rating for the company in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $37.50.

NuScale Power Stock Performance

NYSE SMR opened at $25.90 on Thursday. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of -9.06 and a beta of 2.03. NuScale Power Corporation has a one year low of $11.08 and a one year high of $57.42. The company’s 50 day moving average price is $38.61 and its 200 day moving average price is $36.31.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). The firm had revenue of $8.24 million for the quarter, compared to analysts’ expectations of $11.29 million. NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The company’s revenue for the quarter was up 1635.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.18) EPS. Sell-side analysts forecast that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

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.