NuScale Power (NYSE:SMR) Trading Up 1% – Should You Buy?

NuScale Power Co. (NYSE:SMR) shares traded up 1% during mid-day trading on Monday . The stock traded as high as $18.16 and last traded at $17.69. 2,941,258 shares were traded during trading, a decline of 65% from the average session volume of 8,335,432 shares. The stock had previously closed at $17.51.

Analyst Ratings Changes

Separately, UBS Group decreased their price target on NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.50.

NuScale Power Stock Performance

The company has a market capitalization of $4.70 billion, a P/E ratio of -17.50 and a beta of 1.58. The stock’s fifty day moving average price is $20.77 and its 200-day moving average price is $19.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

Insider Buying and Selling at NuScale Power

In related news, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the transaction, the vice president now owns 1,149 shares in the company, valued at approximately $16,683.48. This represents a 95.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 720,682 shares of company stock worth $12,840,747 over the last 90 days. Company insiders own 1.96% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in NuScale Power by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock worth $151,113,000 after buying an additional 635,271 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of NuScale Power by 1.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company’s stock valued at $101,998,000 after acquiring an additional 89,949 shares in the last quarter. Samsung C&T Corp bought a new position in NuScale Power during the fourth quarter worth about $46,745,000. Geode Capital Management LLC raised its stake in NuScale Power by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company’s stock worth $35,249,000 after purchasing an additional 135,613 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in NuScale Power by 41.4% in the 4th quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock valued at $31,317,000 after purchasing an additional 511,168 shares during the period. Institutional investors own 78.37% of the company’s stock.

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.