First Command Advisory Services Inc. Takes $71,000 Position in NuScale Power Corporation $SMR

First Command Advisory Services Inc. acquired 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 SEC. The fund acquired 1,791 shares of the company’s stock, valued at approximately $71,000.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of NuScale Power by 6.1% during the 1st 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. boosted its holdings in NuScale Power by 20.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company’s stock worth $96,880,000 after buying an additional 1,153,158 shares during the period. Swedbank AB boosted its holdings in NuScale Power by 6.7% in the 1st quarter. Swedbank AB now owns 2,402,125 shares of the company’s stock worth $34,014,000 after buying an additional 149,875 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings 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 buying an additional 1,705,411 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new position in NuScale Power in the 1st quarter worth $14,271,000. Institutional investors own 78.37% of the company’s stock.

NuScale Power Stock Up 2.6%

Shares of SMR stock opened at $38.70 on Tuesday. The stock has a market cap of $11.02 billion, a P/E ratio of -32.52 and a beta of 2.02. NuScale Power Corporation has a 52 week low of $11.08 and a 52 week high of $57.42. The company’s fifty day simple moving average is $38.52 and its two-hundred day simple moving average is $34.57.

NuScale Power (NYSE:SMR) last announced 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). The company had revenue of $8.05 million during the quarter, compared to analysts’ expectations of $10.49 million. NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%. On average, analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Analyst Ratings Changes

SMR has been the subject of several recent analyst reports. Canaccord Genuity Group upped their target price on shares of NuScale Power from $44.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Northland Securities initiated coverage on shares of NuScale Power in a report on Monday, July 7th. They issued a “market perform” rating and a $35.00 target price for the company. Barclays initiated coverage on shares of NuScale Power in a report on Monday, September 29th. They issued an “equal weight” rating and a $45.00 target price for the company. Bank of America reaffirmed an “underperform” rating and issued a $34.00 target price (down previously from $38.00) on shares of NuScale Power in a report on Tuesday, September 30th. Finally, BNP Paribas downgraded shares of NuScale Power from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $37.73.

Insider Activity

In other news, Director Corp Fluor sold 87,900 shares of the company’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total transaction of $3,479,082.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 15,048,847 shares of company stock worth $606,761,579. 1.96% of the stock is currently owned by corporate insiders.

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.