NuScale Power (NYSE:SMR) Trading Down 3.8% – Should You Sell?

NuScale Power Co. (NYSE:SMR) shares fell 3.8% on Wednesday . The company traded as low as $17.57 and last traded at $18.00. 1,466,388 shares were traded during mid-day trading, a decline of 82% from the average session volume of 8,162,948 shares. The stock had previously closed at $18.71.

Analyst Ratings Changes

Separately, UBS Group decreased their price target 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.

NuScale Power Stock Down 6.0 %

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 business has a 50 day simple moving average of $20.67 and a 200 day simple moving average of $19.47. The stock has a market cap of $4.97 billion, a PE ratio of -18.54 and a beta of 1.58.

Insider Activity at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the transaction, the chief executive officer now directly owns 34,675 shares in the company, valued at $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the sale, the vice president now owns 1,149 shares of the company’s stock, valued at approximately $16,683.48. This trade represents a 95.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 720,682 shares of company stock valued at $12,840,747. 1.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SMR. Victory Capital Management Inc. grew its holdings in NuScale Power by 6.6% during the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock valued at $191,000 after purchasing an additional 656 shares during the last quarter. HighTower Advisors LLC grew its stake in NuScale Power by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock valued at $140,000 after buying an additional 820 shares during the last quarter. Amalgamated Bank raised its holdings in NuScale Power by 51.8% in the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after acquiring an additional 986 shares during the period. Summit Investment Advisors Inc. lifted its position in NuScale Power by 16.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company’s stock worth $159,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in NuScale Power by 6.6% during the fourth quarter. Corient Private Wealth LLC now owns 21,130 shares of the company’s stock valued at $379,000 after acquiring an additional 1,314 shares during the period. 78.37% of the stock is owned by institutional investors.

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.