NuScale Power Co. (NYSE:SMR) CEO Sells $589,475.00 in Stock

NuScale Power Co. (NYSE:SMR) CEO John Lawrence Hopkins sold 34,675 shares of NuScale Power stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $17.00, for a total value of $589,475.00. Following the sale, the chief executive officer now directly owns 49,019 shares of the company’s stock, valued at approximately $833,323. The trade was a 41.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NuScale Power Stock Up 3.6 %

SMR stock opened at $17.73 on Wednesday. The company has a market cap of $5.01 billion, a PE ratio of -18.66 and a beta of 1.62. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 52 week low of $5.50 and a 52 week high of $32.30. The business has a 50-day simple moving average of $15.98 and a 200 day simple moving average of $20.15.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SMR shares. UBS Group reduced their target price 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, March 7th. BTIG Research started coverage on shares of NuScale Power in a research report on Friday, April 11th. They set a “buy” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.60.

Institutional Trading of NuScale Power

Institutional investors and hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC bought a new position in NuScale Power in the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC raised its holdings in shares of NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after buying an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in shares of 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 shares of NuScale Power during the 4th quarter worth $42,000. Finally, NBC Securities Inc. grew its position in NuScale Power by 165,450.0% in the first 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 during the last quarter. 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.