Insider Selling: NuScale Power Co. (NYSE:SMR) CEO Sells 34,675 Shares of Stock

NuScale Power Co. (NYSE:SMR - Get Free Report) CEO John Lawrence Hopkins sold 34,675 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $17.00, for a total transaction of $589,475.00. Following the transaction, the chief executive officer now owns 49,019 shares in the company, valued at approximately $833,323. The trade was a 41.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, May 8th, John Lawrence Hopkins sold 22,674 shares of NuScale Power stock. The shares were sold at an average price of $16.74, for a total value of $379,562.76.

NuScale Power Stock Performance

NuScale Power stock traded up $0.48 during midday trading on Monday, hitting $17.93. The company's stock had a trading volume of 3,138,893 shares, compared to its average volume of 8,422,352. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. NuScale Power Co. has a 1-year low of $5.86 and a 1-year high of $32.30. The company has a market cap of $5.06 billion, a price-to-earnings ratio of -18.97 and a beta of 1.62. The company has a 50-day moving average price of $16.01 and a two-hundred day moving average price of $20.14.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group lowered their price target on 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 assumed coverage on shares of NuScale Power in a research report on Friday, April 11th. They issued a "buy" rating and a $20.00 target price for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $16.60.

Institutional Investors Weigh In On NuScale Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of NuScale Power by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company's stock valued at $126,598,000 after acquiring an additional 512,618 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of NuScale Power by 1.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company's stock valued at $101,998,000 after buying an additional 89,949 shares in the last quarter. Samsung C&T Corp purchased a new stake in NuScale Power in the 4th quarter valued at $46,745,000. Geode Capital Management LLC boosted its holdings in NuScale Power by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company's stock worth $35,249,000 after purchasing an additional 135,613 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in NuScale Power by 41.4% during the fourth 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 during the period. 78.37% of the stock is currently owned by 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.