Bokf Na Purchases New Stake in NuScale Power Co. (NYSE:SMR)

Bokf Na purchased a new stake in NuScale Power Co. (NYSE:SMR) during the second quarter, HoldingsChannel reports. The firm purchased 75,000 shares of the company’s stock, valued at approximately $877,000.

A number of other large investors have also added to or reduced their stakes in SMR. Mesirow Financial Investment Management Inc. bought a new position in NuScale Power during the 1st quarter worth $53,000. Avantax Advisory Services Inc. bought a new position in NuScale Power during the 1st quarter worth $58,000. International Assets Investment Management LLC bought a new position in NuScale Power during the 2nd quarter worth $64,000. TFC Financial Management Inc. bought a new position in NuScale Power during the 2nd quarter worth $75,000. Finally, Resurgent Financial Advisors LLC increased its position in NuScale Power by 100.0% during the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock worth $79,000 after buying an additional 7,400 shares during the period. Institutional investors own 15.28% of the company’s stock.

Insider Activity at NuScale Power

In related news, insider Robert K. Temple sold 50,000 shares of the firm’s 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 sale, the insider now directly owns 19,054 shares of the company’s stock, valued at $190,540. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Robert Ramsey Hamady sold 19,242 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert K. Temple sold 50,000 shares of NuScale Power stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $10.00, for a total value of $500,000.00. Following the sale, the insider now directly owns 19,054 shares in the company, valued at $190,540. The disclosure for this sale can be found here. Insiders have sold 81,544 shares of company stock valued at $761,686 over the last ninety days. 1.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SMR has been the topic of several recent research reports. B. Riley increased their price objective on NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. CLSA initiated coverage on NuScale Power in a research report on Friday. They set an “outperform” rating and a $11.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $8.63.

NuScale Power Stock Performance

SMR opened at $9.68 on Monday. The firm has a market cap of $2.35 billion, a P/E ratio of -11.39 and a beta of 1.22. NuScale Power Co. has a 52-week low of $1.81 and a 52-week high of $16.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 2.66. The business’s fifty day moving average is $9.93 and its 200-day moving average is $8.01.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.18). The business had revenue of $0.97 million during the quarter, compared to analyst estimates 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 last year, the business earned ($0.13) earnings per share. Sell-side analysts expect that NuScale Power Co. will post -0.55 EPS for the current fiscal 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.