Jacqueline F. Engel Sells 1,565 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR) VP Jacqueline F. Engel sold 1,565 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $16.94, for a total value of $26,511.10. Following the sale, the vice president now owns 1,218 shares of the company’s stock, valued at $20,632.92. This trade represents a 56.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NuScale Power Stock Performance

Shares of NuScale Power stock opened at $17.73 on Wednesday. The firm has a market capitalization of $5.01 billion, a P/E ratio of -18.66 and a beta of 1.62. NuScale Power Co. has a 52 week low of $5.50 and a 52 week high of $32.30. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $15.98 and a 200 day moving average price of $20.15.

Institutional Investors Weigh In On NuScale Power

Several institutional investors and hedge funds have recently made changes to their positions in SMR. CoreCap Advisors LLC acquired a new stake in NuScale Power during the 4th quarter worth about $33,000. Venturi Wealth Management LLC lifted 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 period. Toth Financial Advisory Corp boosted its position in 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 buying an additional 1,800 shares during the last quarter. Twin Tree Management LP acquired a new position in NuScale Power in the 4th quarter worth approximately $42,000. Finally, Amalgamated Bank raised its position in NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after buying an additional 986 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group decreased their price target on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. BTIG Research started coverage on shares of NuScale Power in a report on Friday, April 11th. They issued a “buy” rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, NuScale Power presently has a consensus rating of “Moderate Buy” and a consensus 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.