Swedbank AB Has $40.55 Million Stock Holdings in NuScale Power Co. (NYSE:SMR)

Swedbank AB boosted its holdings in shares of NuScale Power Co. (NYSE:SMR) by 0.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,501,450 shares of the company’s stock after acquiring an additional 950 shares during the period. Swedbank AB’s holdings in NuScale Power were worth $40,547,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. acquired a new stake in NuScale Power during the 1st quarter worth $58,000. CWM LLC grew its holdings in NuScale Power by 4,593.8% during the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after acquiring an additional 5,191 shares during the period. International Assets Investment Management LLC acquired a new stake in NuScale Power during the 2nd quarter worth $64,000. TFC Financial Management Inc. acquired a new position in shares of NuScale Power in the 2nd quarter valued at $75,000. Finally, Resurgent Financial Advisors LLC grew its holdings in shares of NuScale Power by 100.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock valued at $79,000 after buying an additional 7,400 shares during the period. Institutional investors and hedge funds own 15.28% of the company’s stock.

NuScale Power Trading Up 39.9 %

SMR opened at $19.06 on Thursday. The stock has a market capitalization of $4.63 billion, a P/E ratio of -22.42 and a beta of 1.25. NuScale Power Co. has a 12 month low of $1.81 and a 12 month high of $19.41. The firm’s fifty day simple moving average is $10.19 and its 200 day simple moving average is $9.07. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.18). The company had revenue of $0.97 million during the quarter, compared to the consensus estimate of $1.43 million. NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. During the same period in the prior year, the firm posted ($0.13) earnings per share.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SMR shares. CLSA started coverage on shares of NuScale Power in a report on Friday, September 13th. They issued an “outperform” rating and a $11.00 price target for the company. Craig Hallum started coverage on shares of NuScale Power in a report on Thursday, September 26th. They issued a “buy” rating and a $16.00 price target for the company. Finally, B. Riley boosted their price target on shares of NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.68.

Insiders Place Their Bets

In other NuScale Power news, COO Carl M. Fisher sold 12,302 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total transaction of $108,134.58. Following the sale, the chief operating officer now directly owns 30,323 shares of the company’s stock, valued at $266,539.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other NuScale Power news, CFO Robert Ramsey Hamady sold 19,242 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total transaction of $153,551.16. Following the sale, the chief financial officer now directly owns 57,681 shares of the company’s stock, valued at $460,294.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Carl M. Fisher sold 12,302 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total transaction of $108,134.58. Following the sale, the chief operating officer now directly owns 30,323 shares in the company, valued at $266,539.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 374,729 shares of company stock valued at $4,178,595 in the last three months. 1.96% of the stock is currently owned by corporate insiders.

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.