NuScale Power Co. (NYSE:SMR) VP Sells $527,394.00 in Stock

NuScale Power Co. (NYSE:SMR) VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the transaction, the vice president now owns 3,801 shares of the company’s stock, valued at $110,229. The trade was a 82.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NuScale Power Price Performance

Shares of NuScale Power stock opened at $24.34 on Friday. 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 twelve month low of $1.88 and a twelve month high of $32.30. The firm has a market cap of $6.22 billion, a PE ratio of -25.62 and a beta of 1.33. The business has a 50-day moving average price of $20.08 and a 200 day moving average price of $13.32.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SMR shares. CLSA started coverage on NuScale Power in a research note on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective for the company. Craig Hallum lifted their price target on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.39.

Institutional Investors Weigh In On NuScale Power

Several institutional investors have recently bought and sold shares of the company. Catalina Capital Group LLC boosted its holdings in NuScale Power by 6.8% in the 3rd quarter. Catalina Capital Group LLC now owns 12,638 shares of the company’s stock worth $146,000 after buying an additional 809 shares during the last quarter. HighTower Advisors LLC boosted its holdings in NuScale Power by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock worth $140,000 after buying an additional 820 shares during the last quarter. Indie Asset Partners LLC boosted its holdings in NuScale Power by 7.1% in the 3rd quarter. Indie Asset Partners LLC now owns 18,800 shares of the company’s stock worth $218,000 after buying an additional 1,250 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NuScale Power in the 3rd quarter worth about $44,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in NuScale Power by 25.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock worth $106,000 after buying an additional 4,014 shares during the last quarter. 15.28% of the stock is currently owned by institutional investors and hedge funds.

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.