Clayton Scott Sells 10,019 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR) insider Clayton Scott sold 10,019 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $16.78, for a total value of $168,118.82. Following the sale, the insider now directly owns 86,965 shares of the company’s stock, valued at $1,459,272.70. The trade was a 10.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NuScale Power Stock Down 6.2 %

SMR opened at $16.58 on Thursday. The business has a 50 day simple moving average of $15.97 and a 200-day simple moving average of $20.13. NuScale Power Co. has a 12 month low of $5.50 and a 12 month high of $32.30. The stock has a market capitalization of $4.68 billion, a P/E ratio of -17.45 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

Analyst Ratings Changes

SMR has been the subject of several recent research reports. BTIG Research initiated coverage on NuScale Power in a report on Friday, April 11th. They set a “buy” rating and a $20.00 price target for the company. UBS Group reduced their target price 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.60.

Institutional Investors Weigh In On NuScale Power

Several institutional investors have recently made changes to their positions in SMR. Samsung C&T Corp purchased a new position in shares of NuScale Power in the 4th quarter valued at about $46,745,000. Arrowstreet Capital Limited Partnership purchased a new position in NuScale Power in the fourth quarter valued at about $22,823,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of NuScale Power during the 1st quarter valued at approximately $14,271,000. Vanguard Group Inc. boosted its stake in shares of NuScale Power by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock worth $151,113,000 after acquiring an additional 635,271 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of NuScale Power by 41.4% during the 4th quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock worth $31,317,000 after acquiring an additional 511,168 shares in the last quarter. 78.37% of the stock is currently owned by hedge funds and other 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.