Sloy Dahl & Holst LLC Acquires Shares of 10,050 NuScale Power Co. (NYSE:SMR)

Sloy Dahl & Holst LLC acquired a new stake in NuScale Power Co. (NYSE:SMR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,050 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in NuScale Power by 11.2% in the 3rd quarter. FMR LLC now owns 2,983,460 shares of the company’s stock valued at $14,619,000 after acquiring an additional 301,548 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of NuScale Power by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,536,389 shares of the company’s stock valued at $27,128,000 after purchasing an additional 204,505 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of NuScale Power by 5.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,391,670 shares of the company’s stock valued at $11,159,000 after purchasing an additional 172,408 shares during the last quarter. Raymond James & Associates bought a new position in shares of NuScale Power in the 3rd quarter valued at about $439,000. Finally, Swiss National Bank boosted its stake in shares of NuScale Power by 17.2% in the 3rd quarter. Swiss National Bank now owns 62,600 shares of the company’s stock valued at $307,000 after purchasing an additional 9,200 shares during the last quarter. Institutional investors and hedge funds own 15.28% of the company’s stock.

NuScale Power Stock Up 2.5 %

NuScale Power stock traded up $0.12 during midday trading on Wednesday, hitting $4.97. 2,869,947 shares of the stock were exchanged, compared to its average volume of 7,798,085. The company has a fifty day simple moving average of $4.58 and a two-hundred day simple moving average of $3.73. NuScale Power Co. has a 52 week low of $1.81 and a 52 week high of $11.21. The stock has a market capitalization of $1.16 billion, a PE ratio of -6.21 and a beta of 1.06.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.03). NuScale Power had a negative return on equity of 29.93% and a negative net margin of 255.86%. The firm had revenue of $4.56 million for the quarter, compared to the consensus estimate of $1.75 million. As a group, equities research analysts anticipate that NuScale Power Co. will post -0.41 EPS for the current fiscal year.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 59,768 shares of NuScale Power stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $4.20, for a total value of $251,025.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group raised their target price on shares of NuScale Power from $4.25 to $8.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Canaccord Genuity Group assumed coverage on shares of NuScale Power in a research note on Monday, January 29th. They issued a “buy” rating and a $4.25 target price on the stock. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $4.50 target price (down previously from $7.50) on shares of NuScale Power in a research note on Tuesday, March 19th. Finally, UBS Group lifted their price objective on shares of NuScale Power from $2.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, NuScale Power currently has a consensus rating of “Hold” and a consensus price target of $7.75.

About NuScale Power

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.