10,816 Shares in NuScale Power Co. (NYSE:SMR) Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. acquired a new stake in NuScale Power Co. (NYSE:SMR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,816 shares of the company’s stock, valued at approximately $36,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of NuScale Power by 3.8% in the third quarter. Vanguard Group Inc. now owns 5,536,389 shares of the company’s stock valued at $27,128,000 after purchasing an additional 204,505 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in NuScale Power by 54.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,219,262 shares of the company’s stock valued at $15,774,000 after buying an additional 1,132,131 shares during the last quarter. FMR LLC grew its stake in shares of NuScale Power by 11.2% during the third quarter. FMR LLC now owns 2,983,460 shares of the company’s stock valued at $14,619,000 after acquiring an additional 301,548 shares in the last quarter. Canal Insurance CO increased its position in shares of NuScale Power by 33.3% during the third quarter. Canal Insurance CO now owns 160,000 shares of the company’s stock worth $784,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of NuScale Power by 66.9% in the third quarter. Van ECK Associates Corp now owns 158,470 shares of the company’s stock worth $777,000 after acquiring an additional 63,519 shares in the last quarter. 15.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 59,768 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $4.20, for a total transaction of $251,025.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.96% of the company’s stock.

Wall Street Analysts Forecast Growth

SMR has been the topic of several analyst reports. Canaccord Genuity Group lifted their price objective on NuScale Power from $4.25 to $8.00 and gave the stock a “buy” rating in a report on Monday, March 18th. UBS Group lifted their price target on shares of NuScale Power from $2.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Canaccord Genuity Group assumed coverage on shares of NuScale Power in a research note on Monday, January 29th. They set a “buy” rating and a $4.25 price objective on the stock. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $4.50 target price (down previously from $7.50) on shares of NuScale Power in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, NuScale Power currently has an average rating of “Hold” and an average target price of $7.75.

NuScale Power Price Performance

NYSE:SMR opened at $6.06 on Friday. The business has a 50 day simple moving average of $5.00 and a 200 day simple moving average of $3.76. The firm has a market capitalization of $1.42 billion, a P/E ratio of -7.58 and a beta of 1.06. NuScale Power Co. has a 12-month low of $1.81 and a 12-month high of $11.21.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.03). NuScale Power had a negative return on equity of 29.93% and a negative net margin of 255.86%. The firm had revenue of $4.56 million during the quarter, compared to analysts’ expectations of $1.75 million. Research analysts anticipate that NuScale Power Co. will post -0.41 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.