Prime Capital Investment Advisors LLC Purchases Shares of 5,211 NuScale Power Corporation $SMR

Prime Capital Investment Advisors LLC purchased a new stake in shares of NuScale Power Corporation (NYSE:SMR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,211 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in 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 acquiring an additional 512,618 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NuScale Power by 20.3% during the first 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. Swedbank AB grew its position in NuScale Power by 6.7% during the first quarter. Swedbank AB now owns 2,402,125 shares of the company’s stock valued at $34,014,000 after acquiring an additional 149,875 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in NuScale Power by 1,220.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock valued at $26,127,000 after acquiring an additional 1,705,411 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new stake in NuScale Power during the first quarter valued at about $14,271,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Stock Performance

NYSE:SMR opened at $39.29 on Monday. NuScale Power Corporation has a one year low of $11.08 and a one year high of $53.50. The business’s 50-day simple moving average is $37.96 and its 200 day simple moving average is $32.42. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of -33.02 and a beta of 2.02.

NuScale Power (NYSE:SMR) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%.The business had revenue of $8.05 million during the quarter, compared to analyst estimates of $10.49 million. On average, equities research analysts predict that NuScale Power Corporation will post -0.73 EPS for the current year.

Insider Activity at NuScale Power

In related news, Director Corp Fluor sold 2,372,563 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $43.99, for a total value of $104,369,046.37. Following the transaction, the director owned 10,085,344 shares in the company, valued at approximately $443,654,282.56. The trade was a 19.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 15,048,847 shares of company stock valued at $606,761,579 in the last 90 days. Insiders own 1.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SMR. Royal Bank Of Canada began coverage on NuScale Power in a research report on Monday, September 15th. They set a “sector perform” rating and a $35.00 price target for the company. UBS Group upped their target price on NuScale Power from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. Citigroup assumed coverage on NuScale Power in a research report on Monday, June 23rd. They issued a “neutral” rating and a $46.00 target price for the company. Northland Capmk raised NuScale Power to a “hold” rating in a research report on Monday, July 7th. Finally, BTIG Research downgraded NuScale Power from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 25th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.67.

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.