NuScale Power Co. (NYSE:SMR) CEO John Lawrence Hopkins Sells 22,674 Shares

NuScale Power Co. (NYSE:SMR) CEO John Lawrence Hopkins sold 22,674 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $16.74, for a total transaction of $379,562.76. Following the transaction, the chief executive officer now directly owns 26,345 shares of the company’s stock, valued at approximately $441,015.30. This represents a 46.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

John Lawrence Hopkins also recently made the following trade(s):

• On Monday, May 5th, John Lawrence Hopkins sold 34,675 shares of NuScale Power stock. The stock was sold at an average price of $17.00, for a total transaction of $589,475.00.

NuScale Power Stock Up 3.4 %

Shares of NYSE:SMR opened at $17.50 on Friday. The firm has a market capitalization of $4.94 billion, a PE ratio of -18.42 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. NuScale Power Co. has a 52-week low of $5.83 and a 52-week high of $32.30. The firm has a fifty day moving average of $16.01 and a 200 day moving average of $20.11.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SMR shares. BTIG Research started coverage on shares of NuScale Power in a report on Friday, April 11th. They issued a “buy” rating and a $20.00 price target on the stock. UBS Group decreased their target price on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, NuScale Power presently has a consensus rating of “Moderate Buy” and an average target price of $16.60.

Hedge Funds Weigh In On NuScale Power

A number of hedge funds and other institutional investors have recently modified their holdings of SMR. Deutsche Bank AG boosted its stake in NuScale Power by 0.9% in the first quarter. Deutsche Bank AG now owns 76,082 shares of the company’s stock worth $1,077,000 after buying an additional 686 shares in the last quarter. Headlands Technologies LLC lifted its holdings in shares of NuScale Power by 18.7% in the 1st quarter. Headlands Technologies LLC now owns 198,520 shares of the company’s stock worth $2,811,000 after acquiring an additional 31,211 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of NuScale Power by 15.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 847,869 shares of the company’s stock valued at $12,006,000 after purchasing an additional 112,486 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of NuScale Power by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company’s stock valued at $126,598,000 after purchasing an additional 512,618 shares during the last quarter. Finally, US Bancorp DE raised its position in NuScale Power by 33.0% in the 1st quarter. US Bancorp DE now owns 10,969 shares of the company’s stock worth $155,000 after purchasing an additional 2,722 shares during the period. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

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.