TFC Financial Management Inc. Has $168,000 Position in NuScale Power Corporation $SMR

TFC Financial Management Inc. boosted its holdings in shares of NuScale Power Corporation (NYSE:SMR) by 14.0% during the second quarter, Holdings Channel reports. The institutional investor owned 4,245 shares of the company’s stock after acquiring an additional 522 shares during the quarter. TFC Financial Management Inc.’s holdings in NuScale Power were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of SMR. GAMMA Investing LLC boosted its stake in NuScale Power by 5,590.4% during the first quarter. GAMMA Investing LLC now owns 15,364 shares of the company’s stock worth $218,000 after buying an additional 15,094 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in NuScale Power by 6.9% during the first quarter. Farther Finance Advisors LLC now owns 12,902 shares of the company’s stock worth $189,000 after buying an additional 833 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in NuScale Power by 51.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,522 shares of the company’s stock worth $248,000 after buying an additional 5,974 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in NuScale Power by 652.0% during the first quarter. Janney Montgomery Scott LLC now owns 84,778 shares of the company’s stock worth $1,200,000 after buying an additional 73,504 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its holdings in shares of NuScale Power by 145.5% during the first quarter. Kingswood Wealth Advisors LLC now owns 36,286 shares of the company’s stock valued at $514,000 after acquiring an additional 21,507 shares during the period. Institutional investors and hedge funds own 78.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SMR. Bank of America reissued an “underperform” rating and set a $34.00 price objective (down from $38.00) on shares of NuScale Power in a report on Tuesday, September 30th. Royal Bank Of Canada began coverage on NuScale Power in a report on Monday, September 15th. They set a “sector perform” rating and a $35.00 price objective for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of NuScale Power in a report on Wednesday, October 8th. BNP Paribas Exane began coverage on NuScale Power in a report on Friday, July 25th. They set a “neutral” rating and a $41.00 price objective for the company. Finally, Canaccord Genuity Group lifted their price objective on NuScale Power from $44.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, NuScale Power currently has an average rating of “Hold” and an average target price of $38.09.

Insider Buying and Selling

In related news, Director Corp Fluor sold 87,900 shares of NuScale Power stock in a transaction dated Wednesday, October 8th. The stock was 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 this hyperlink. Insiders sold 15,048,847 shares of company stock valued at $606,761,579 in the last three months. 1.27% of the stock is owned by company insiders.

NuScale Power Stock Down 11.0%

NuScale Power stock opened at $47.55 on Friday. The stock has a 50-day simple moving average of $38.20 and a 200 day simple moving average of $33.09. NuScale Power Corporation has a 12-month low of $11.08 and a 12-month high of $57.42. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of -39.96 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The business had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. As a group, sell-side analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current year.

NuScale Power Company 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.