NuScale Power Co. (NYSE:SMR) CEO John Lawrence Hopkins Sells 22,674 Shares

NuScale Power Co. (NYSE:SMR) CEO John Lawrence Hopkins sold 22,674 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $16.74, for a total transaction of $379,562.76. Following the completion of the transaction, the chief executive officer now owns 26,345 shares of the company’s stock, valued at $441,015.30. This trade represents a 46.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Lawrence Hopkins also recently made the following trade(s):

• On Monday, May 5th, John Lawrence Hopkins sold 34,675 shares of NuScale Power stock. The stock was sold at an average price of $17.00, for a total transaction of $589,475.00.

NuScale Power Stock Performance

Shares of SMR opened at $17.50 on Friday. 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’s fifty day moving average price is $16.01 and its 200 day moving average price is $20.13. The company has a market capitalization of $4.94 billion, a PE ratio of -18.42 and a beta of 1.62. NuScale Power Co. has a one year low of $5.86 and a one year high of $32.30.

Institutional Trading of NuScale Power

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMR. Barclays PLC increased its position in shares of NuScale Power by 472.3% during the third quarter. Barclays PLC now owns 150,791 shares of the company’s stock valued at $1,746,000 after purchasing an additional 124,441 shares during the period. Tidal Investments LLC bought a new stake in shares of NuScale Power during the third quarter worth $118,000. Franklin Resources Inc. acquired a new stake in NuScale Power in the 3rd quarter valued at about $555,000. JPMorgan Chase & Co. increased its holdings in shares of NuScale Power by 204.0% in the third quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company’s stock valued at $1,930,000 after purchasing an additional 111,812 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in shares of NuScale Power during the fourth quarter worth $301,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group reduced 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. BTIG Research began 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.60.

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.