Philip James Wealth Mangement LLC Purchases New Shares in NuScale Power Co. (NYSE:SMR)

Philip James Wealth Mangement LLC acquired a new position in NuScale Power Co. (NYSE:SMR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 143,034 shares of the company’s stock, valued at approximately $1,656,000.

Other large investors also recently made changes to their positions in the company. Canal Insurance CO raised its holdings in shares of NuScale Power by 35.0% in the third quarter. Canal Insurance CO now owns 216,000 shares of the company’s stock valued at $2,501,000 after buying an additional 56,000 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of NuScale Power by 90.0% in the third quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company’s stock worth $14,307,000 after acquiring an additional 585,292 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in shares of NuScale Power in the first quarter worth about $58,000. SG Americas Securities LLC lifted its position in shares of NuScale Power by 268.3% during the first quarter. SG Americas Securities LLC now owns 53,772 shares of the company’s stock worth $286,000 after purchasing an additional 39,171 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of NuScale Power by 1,984.4% in the third quarter. International Assets Investment Management LLC now owns 114,642 shares of the company’s stock valued at $1,328,000 after purchasing an additional 109,142 shares in the last quarter. Institutional investors own 15.28% of the company’s stock.

NuScale Power Trading Up 7.2 %

Shares of NuScale Power stock traded up $1.55 on Friday, hitting $23.22. 4,004,172 shares of the company’s stock traded hands, compared to its average volume of 5,931,974. The firm’s 50-day moving average price is $13.55 and its two-hundred day moving average price is $10.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a market capitalization of $5.79 billion, a PE ratio of -22.85 and a beta of 1.12. NuScale Power Co. has a one year low of $1.81 and a one year high of $23.62.

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

Insider Transactions at NuScale Power

In related news, insider Robert K. Temple sold 115,866 shares of NuScale Power stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the transaction, the insider now owns 14,054 shares of the company’s stock, valued at $255,782.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Robert K. Temple sold 115,866 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the sale, the insider now owns 14,054 shares of the company’s stock, valued at approximately $255,782.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert K. Temple sold 50,000 shares of NuScale Power stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $10.00, for a total value of $500,000.00. Following the transaction, the insider now owns 19,054 shares in the company, valued at approximately $190,540. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 478,293 shares of company stock worth $6,179,222. 1.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SMR has been the topic of several research reports. CLSA started coverage on NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective on the stock. Craig Hallum upped their price target on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, NuScale Power currently has an average rating of “Moderate Buy” and an average price target of $10.39.

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.