NuScale Power Co. (NYSE:SMR) CEO Sells $379,562.76 in Stock

NuScale Power Co. (NYSE:SMR) CEO John Lawrence Hopkins sold 22,674 shares of NuScale Power stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $16.74, for a total transaction of $379,562.76. Following the sale, the chief executive officer now directly owns 26,345 shares in the company, valued at $441,015.30. This trade represents a 46.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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 shares were sold at an average price of $17.00, for a total transaction of $589,475.00.

NuScale Power Stock Performance

Shares of NuScale Power stock opened at $17.50 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. NuScale Power Co. has a 1 year low of $5.86 and a 1 year high of $32.30. The firm’s 50-day simple moving average is $16.01 and its 200-day simple moving average is $20.14. The firm has a market cap of $4.94 billion, a PE ratio of -18.42 and a beta of 1.62.

Institutional Trading of NuScale Power

Several institutional investors and hedge funds have recently bought and sold shares of the company. Samsung C&T Corp bought a new stake in shares of NuScale Power in the 4th quarter valued at approximately $46,745,000. Arrowstreet Capital Limited Partnership bought a new stake in NuScale Power during the fourth quarter valued at $22,823,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in NuScale Power during the first quarter valued at $14,271,000. Vanguard Group Inc. raised its holdings 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 worth $151,113,000 after purchasing an additional 635,271 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of NuScale Power by 41.4% in the 4th quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock worth $31,317,000 after buying an additional 511,168 shares during the last quarter. Institutional investors and hedge funds own 78.37% of the company’s stock.

Wall Street Analysts Forecast Growth

SMR has been the topic of several recent analyst reports. BTIG Research started coverage on NuScale Power in a research note on Friday, April 11th. They issued a “buy” rating and a $20.00 price target on the stock. UBS Group cut their target price on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.