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 the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the sale, the vice president now directly owns 3,801 shares in the company, valued at approximately $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 Stock Down 5.7 %

Shares of SMR stock traded down $1.54 on Tuesday, reaching $25.68. 6,726,982 shares of the company were exchanged, compared to its average volume of 6,400,736. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The company has a 50-day moving average of $19.23 and a 200-day moving average of $12.96. The company has a market cap of $6.56 billion, a price-to-earnings ratio of -26.53 and a beta of 1.33. NuScale Power Co. has a one year low of $1.88 and a one year high of $32.30.

Hedge Funds Weigh In On NuScale Power

A number of hedge funds have recently added to or reduced their stakes in SMR. Franklin Resources Inc. bought a new position in NuScale Power during the third quarter valued at $555,000. Tidal Investments LLC purchased a new stake in NuScale Power in the 3rd quarter worth about $118,000. Barclays PLC raised its stake in NuScale Power by 472.3% in the 3rd quarter. Barclays PLC now owns 150,791 shares of the company’s stock valued at $1,746,000 after acquiring an additional 124,441 shares during the period. Geode Capital Management LLC boosted its holdings in NuScale Power by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company’s stock worth $21,194,000 after buying an additional 317,285 shares during the period. Finally, State Street Corp raised its stake in shares of NuScale Power by 10.2% during the 3rd quarter. State Street Corp now owns 1,674,995 shares of the company’s stock valued at $19,396,000 after purchasing an additional 154,368 shares during the period. Institutional investors and hedge funds own 15.28% of the company’s stock.

Wall Street Analysts Forecast Growth

SMR has been the subject of a number of recent analyst reports. Craig Hallum increased their target price on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. CLSA initiated coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an “outperform” rating and a $11.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.39.

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.