Kestra Private Wealth Services LLC Acquires 52,045 Shares of NuScale Power Corporation $SMR

Kestra Private Wealth Services LLC increased its holdings in NuScale Power Corporation (NYSE:SMR) by 86.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,084 shares of the company’s stock after acquiring an additional 52,045 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in NuScale Power were worth $1,215,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. MAI Capital Management raised its holdings in NuScale Power by 37.0% in the 3rd quarter. MAI Capital Management now owns 1,654 shares of the company’s stock worth $60,000 after purchasing an additional 447 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of NuScale Power by 32.4% during the 4th quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock valued at $34,000 after purchasing an additional 592 shares in the last quarter. Strategic Advocates LLC purchased a new position in shares of NuScale Power during the third quarter valued at about $25,000. Nemes Rush Group LLC purchased a new position in shares of NuScale Power during the third quarter valued at about $25,000. Finally, Balboa Wealth Partners raised its stake in NuScale Power by 5.9% in the fourth quarter. Balboa Wealth Partners now owns 13,465 shares of the company’s stock worth $191,000 after buying an additional 756 shares in the last quarter. Institutional investors own 78.37% of the company’s stock.

NuScale Power Stock Performance

Shares of SMR opened at $10.01 on Wednesday. NuScale Power Corporation has a fifty-two week low of $8.85 and a fifty-two week high of $57.42. The firm’s 50-day simple moving average is $11.49 and its two-hundred day simple moving average is $13.58. The stock has a market cap of $3.66 billion, a PE ratio of -3.43 and a beta of 2.20.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The business had revenue of $0.56 million for the quarter, compared to analysts’ expectations of $7.00 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The company’s revenue for the quarter was down 95.8% compared to the same quarter last year. Equities research analysts predict that NuScale Power Corporation will post -0.46 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on SMR shares. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a report on Wednesday, June 24th. HSBC assumed coverage on NuScale Power in a report on Thursday, April 23rd. They set a “hold” rating and a $13.00 target price on the stock. Citigroup lowered their target price on NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Northland Securities set a $19.00 price target on NuScale Power in a research report on Monday, May 11th. Finally, B. Riley Financial reduced their price target on NuScale Power from $24.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.92.

Insider Transactions at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 13,500,000 shares of the business’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $12.07, for a total value of $162,945,000.00. Following the sale, the director directly owned 26,436,472 shares of the company’s stock, valued at approximately $319,088,217.04. The trade was a 33.80% 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 39,936,472 shares of company stock worth $472,831,169 in the last three months. 1.28% of the stock is currently owned by insiders.

About NuScale Power

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.