NuScale Power Co. (NYSE:SMR) VP Sells $527,394.00 in Stock

NuScale Power Co. (NYSE:SMR) VP Jacqueline F. Engel sold 18,186 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the transaction, the vice president now directly owns 3,801 shares of the company’s stock, valued at $110,229. This represents a 82.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

NuScale Power Stock Down 8.6 %

SMR stock opened at $24.88 on Wednesday. NuScale Power Co. has a one year low of $1.88 and a one year high of $32.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The firm’s fifty day moving average is $19.56 and its 200 day moving average is $13.11. The firm has a market cap of $6.35 billion, a PE ratio of -26.19 and a beta of 1.33.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SMR shares. CLSA started coverage on shares of NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 target price for the company. Craig Hallum lifted their price objective 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 given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.39.

Institutional Investors Weigh In On NuScale Power

A number of institutional investors have recently modified their holdings of SMR. Canal Insurance CO raised its holdings in NuScale Power by 35.0% in the 3rd quarter. Canal Insurance CO now owns 216,000 shares of the company’s stock worth $2,501,000 after purchasing an additional 56,000 shares during the period. Van ECK Associates Corp increased its position 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 valued at $14,307,000 after buying an additional 585,292 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of NuScale Power by 1,984.4% during the 3rd quarter. International Assets Investment Management LLC now owns 114,642 shares of the company’s stock worth $1,328,000 after buying an additional 109,142 shares during the period. SG Americas Securities LLC grew its stake in NuScale Power by 244.7% in the 2nd quarter. SG Americas Securities LLC now owns 185,342 shares of the company’s stock valued at $2,167,000 after acquiring an additional 131,570 shares during the period. Finally, FORA Capital LLC acquired a new stake in NuScale Power in the 3rd quarter valued at $471,000. 15.28% of the stock is currently owned by institutional investors and hedge funds.

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.