Insider Selling: NuScale Power Co. (NYSE:SMR) Insider Sells 10,019 Shares of Stock

NuScale Power Co. (NYSE:SMR) insider Clayton Scott sold 10,019 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $16.78, for a total value of $168,118.82. Following the completion of the transaction, the insider now directly owns 86,965 shares of the company’s stock, valued at approximately $1,459,272.70. This trade represents a 10.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NuScale Power Price Performance

Shares of NuScale Power stock opened at $17.73 on Wednesday. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of -18.66 and a beta of 1.62. The firm’s 50-day moving average price is $15.98 and its two-hundred day moving average price is $20.15. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 1-year low of $5.50 and a 1-year high of $32.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC bought a new position in NuScale Power in the 4th quarter valued at $33,000. Venturi Wealth Management LLC raised its holdings in shares of NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after buying an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp lifted its position in NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after buying an additional 1,800 shares in the last quarter. Twin Tree Management LP bought a new stake in NuScale Power during the 4th quarter worth about $42,000. Finally, NBC Securities Inc. increased its position in NuScale Power by 165,450.0% in the 1st quarter. NBC Securities Inc. now owns 3,311 shares of the company’s stock valued at $46,000 after acquiring an additional 3,309 shares in the last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group reduced their price objective on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 7th. BTIG Research initiated coverage on NuScale Power in a research note on Friday, April 11th. They issued a “buy” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.60.

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.