NuScale Power Co. (NYSE:SMR - Get Free Report) CTO Jose N. Reyes, Jr. sold 33,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the sale, the chief technology officer now directly owns 516,207 shares in the company, valued at approximately $7,810,211.91. This represents a 6.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NuScale Power Trading Down 11.1 %
Shares of NuScale Power stock opened at $12.57 on Friday. The business has a 50 day moving average price of $19.18 and a 200 day moving average price of $19.66. The company has a market capitalization of $3.55 billion, a P/E ratio of -13.23 and a beta of 1.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. NuScale Power Co. has a 1 year low of $4.61 and a 1 year high of $32.30.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new stake in NuScale Power during the fourth quarter worth approximately $33,000. Venturi Wealth Management LLC boosted its holdings in shares of NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after purchasing an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp grew its position in shares of NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after purchasing an additional 1,800 shares during the period. Twin Tree Management LP acquired a new position in NuScale Power in the fourth quarter valued at $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in NuScale Power during the third quarter worth about $44,000. Institutional investors and hedge funds own 78.37% of the company's stock.
Analyst Ratings Changes
Separately, UBS Group decreased their price target 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.
Get Our Latest Stock Analysis on SMR
NuScale Power Company Profile
(
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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.
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