Police & Firemen s Retirement System of New Jersey Acquires 9,008 Shares of NuScale Power Corporation $SMR

Police & Firemen s Retirement System of New Jersey increased its holdings in NuScale Power Corporation (NYSE:SMR) by 45.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,682 shares of the company’s stock after purchasing an additional 9,008 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in NuScale Power were worth $1,135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SMR. Vanguard Group Inc. grew its stake in shares of NuScale Power by 6.1% during the first quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company’s stock valued at $126,598,000 after buying an additional 512,618 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in NuScale Power by 20.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company’s stock valued at $96,880,000 after acquiring an additional 1,153,158 shares during the period. Geode Capital Management LLC boosted its holdings in NuScale Power by 25.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,854,664 shares of the company’s stock valued at $112,944,000 after acquiring an additional 574,295 shares during the period. Swedbank AB grew its position in NuScale Power by 6.7% during the 1st quarter. Swedbank AB now owns 2,402,125 shares of the company’s stock worth $34,014,000 after acquiring an additional 149,875 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in NuScale Power by 1,220.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock worth $26,127,000 after purchasing an additional 1,705,411 shares during the period. 78.37% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NuScale Power news, Director Corp Fluor sold 87,900 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total value of $3,479,082.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 15,030,641 shares of company stock valued at $605,953,415 in the last ninety days. Company insiders own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

SMR has been the subject of a number of analyst reports. UBS Group increased their price objective on NuScale Power from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, August 11th. Cantor Fitzgerald assumed coverage on shares of NuScale Power in a report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 price target for the company. Citigroup reissued a “sell” rating and set a $37.50 price target (down previously from $46.00) on shares of NuScale Power in a research report on Tuesday, October 21st. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research report on Monday. Finally, Royal Bank Of Canada lowered 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, November 10th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, NuScale Power presently has a consensus rating of “Reduce” and an average target price of $37.50.

NuScale Power Stock Down 0.6%

NYSE:SMR opened at $18.58 on Friday. The firm’s fifty day simple moving average is $36.63 and its 200 day simple moving average is $36.37. The stock has a market cap of $5.55 billion, a P/E ratio of -6.50 and a beta of 2.03. NuScale Power Corporation has a twelve month low of $11.08 and a twelve month high of $57.42.

NuScale Power (NYSE:SMR) last posted its earnings results on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing the consensus estimate of ($0.11) by ($1.74). The company had revenue of $8.24 million during the quarter, compared to analysts’ expectations of $11.29 million. NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.The company’s revenue for the quarter was up 1635.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) earnings per share. On average, analysts expect 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.