NuScale Power Co. (NYSE:SMR) CTO Sells $499,290.00 in Stock

NuScale Power Co. (NYSE:SMR) CTO Jose N. Reyes, Jr. sold 33,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief technology officer now owns 516,207 shares of the company’s stock, valued at approximately $7,810,211.91. The trade was a 6.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NuScale Power Stock Performance

Shares of NuScale Power stock traded down $1.57 during trading hours on Friday, hitting $12.57. 10,972,918 shares of the company’s stock traded hands, compared to its average volume of 8,106,745. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of -13.23 and a beta of 1.58. NuScale Power Co. has a 12-month low of $4.61 and a 12-month high of $32.30. 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 fifty day simple moving average of $19.18 and a 200-day simple moving average of $19.66.

Analysts Set New Price Targets

Separately, UBS Group decreased their price objective on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 7th.

Hedge Funds Weigh In On NuScale Power

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