John Lawrence Hopkins Sells 34,675 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR) CEO John Lawrence Hopkins sold 34,675 shares of NuScale Power stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $17.00, for a total value of $589,475.00. Following the completion of the sale, the chief executive officer now directly owns 49,019 shares in the company, valued at $833,323. This trade represents a 41.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NuScale Power Trading Up 1.8 %

Shares of SMR stock opened at $16.91 on Friday. The company has a market cap of $4.78 billion, a PE ratio of -17.80 and a beta of 1.62. NuScale Power Co. has a 1 year low of $5.58 and a 1 year high of $32.30. The stock’s 50 day simple moving average is $16.00 and its two-hundred day simple moving average is $20.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

Institutional Trading of NuScale Power

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

Analyst Ratings Changes

A number of research firms have issued reports on SMR. UBS Group reduced their price objective 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. BTIG Research began coverage on shares of NuScale Power in a research report on Friday, April 11th. They issued a “buy” rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.60.

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.