NuScale Power (NYSE:SMR) Shares Down 3.9% – Time to Sell?

NuScale Power Co. (NYSE:SMR) shares fell 3.9% during mid-day trading on Wednesday . The company traded as low as $16.44 and last traded at $16.56. 3,555,255 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 11,865,945 shares. The stock had previously closed at $17.23.

Analyst Upgrades and Downgrades

Separately, UBS Group decreased their price target on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.58.

NuScale Power Stock Down 1.9 %

The stock has a market cap of $4.00 billion, a price-to-earnings ratio of -16.48 and a beta of 1.58. The firm’s fifty day moving average price is $21.33 and its two-hundred day moving average price is $18.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

Insider Buying and Selling at NuScale Power

In related news, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the sale, the vice president now directly owns 1,149 shares in the company, valued at approximately $16,683.48. This trade represents a 95.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the transaction, the chief executive officer now owns 34,675 shares of the company’s stock, valued at $625,537. This trade represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.

Institutional Trading of NuScale Power

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of NuScale Power by 212.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after purchasing an additional 460,487 shares during the last quarter. Verition Fund Management LLC increased its position in NuScale Power by 319.9% in the third quarter. Verition Fund Management LLC now owns 113,476 shares of the company’s stock worth $1,314,000 after buying an additional 86,454 shares during the last quarter. JPMorgan Chase & Co. increased its position in NuScale Power by 204.0% in the third quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company’s stock worth $1,930,000 after buying an additional 111,812 shares during the last quarter. Stifel Financial Corp raised its stake in shares of NuScale Power by 581.8% in the third quarter. Stifel Financial Corp now owns 118,355 shares of the company’s stock valued at $1,371,000 after buying an additional 100,995 shares during the period. Finally, Benjamin Edwards Inc. purchased a new position in shares of NuScale Power during the 3rd quarter valued at $277,000. Institutional investors own 78.37% of the company’s stock.

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.