NuScale Power (NYSE:SMR) Director Sells $33,380,499.60 in Stock

Key Points

• NuScale Power Director Corp Fluor sold 909,055 shares of the company's stock for approximately $33.38 million, reducing their ownership by 18.68% to around 3.96 million shares.
• In the past month, Corp Fluor has made multiple stock sales, resulting in substantial transactions totaling over $200 million.
• NuScale Power's stock currently has a market cap of $10.44 billion and recent analyst ratings indicate a consensus rating of "Hold" with a target price around $36.67.

NuScale Power Corporation (NYSE:SMR - Get Free Report) Director Corp Fluor sold 909,055 shares of the firm's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $36.72, for a total value of $33,380,499.60. Following the sale, the director owned 3,956,632 shares of the company's stock, valued at $145,287,527.04. This represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Corp Fluor also recently made the following trade(s):

• On Wednesday, October 1st, Corp Fluor sold 532,354 shares of NuScale Power stock. The shares were sold at an average price of $36.52, for a total transaction of $19,441,568.08.
• On Monday, September 29th, Corp Fluor sold 697,210 shares of NuScale Power stock. The stock was sold at an average price of $38.95, for a total transaction of $27,156,329.50.
• On Friday, September 26th, Corp Fluor sold 588,720 shares of NuScale Power stock. The shares were sold at an average price of $37.97, for a total transaction of $22,353,698.40.
• On Thursday, September 25th, Corp Fluor sold 965,049 shares of NuScale Power stock. The stock was sold at an average price of $37.67, for a total transaction of $36,353,395.83.
• On Wednesday, September 24th, Corp Fluor sold 773,921 shares of NuScale Power stock. The stock was sold at an average price of $40.49, for a total transaction of $31,336,061.29.
• On Tuesday, September 23rd, Corp Fluor sold 981,688 shares of NuScale Power stock. The stock was sold at an average price of $42.69, for a total transaction of $41,908,260.72.
• On Monday, September 22nd, Corp Fluor sold 1,213,069 shares of NuScale Power stock. The shares were sold at an average price of $44.84, for a total transaction of $54,394,013.96.
• On Friday, September 19th, Corp Fluor sold 2,372,563 shares of NuScale Power stock. The stock was sold at an average price of $43.99, for a total transaction of $104,369,046.37.
• On Thursday, September 18th, Corp Fluor sold 1,193,504 shares of NuScale Power stock. The shares were sold at an average price of $38.95, for a total transaction of $46,486,980.80.
• On Wednesday, September 17th, Corp Fluor sold 577,046 shares of NuScale Power stock. The stock was sold at an average price of $36.00, for a total transaction of $20,773,656.00.

NuScale Power Stock Performance

Shares of NYSE:SMR traded up $0.66 during trading on Wednesday, reaching $36.66. The stock had a trading volume of 13,088,927 shares, compared to its average volume of 19,579,782. The firm's fifty day moving average is $39.34 and its 200 day moving average is $31.16. NuScale Power Corporation has a 52 week low of $11.08 and a 52 week high of $53.50. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of -30.81 and a beta of 2.02.

NuScale Power (NYSE:SMR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%.The firm had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. On average, research analysts forecast that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of NuScale Power by 6.1% during the first quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company's stock worth $126,598,000 after purchasing an additional 512,618 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NuScale Power by 20.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company's stock valued at $96,880,000 after purchasing an additional 1,153,158 shares during the period. Geode Capital Management LLC boosted its stake in NuScale Power by 25.2% during the second quarter. Geode Capital Management LLC now owns 2,854,664 shares of the company's stock valued at $112,944,000 after buying an additional 574,295 shares during the period. State Street Corp lifted its stake in NuScale Power by 37.5% during the second quarter. State Street Corp now owns 2,736,187 shares of the company's stock worth $108,244,000 after purchasing an additional 746,667 shares during the last quarter. Finally, Swedbank AB increased its holdings in NuScale Power by 6.7% during the 1st quarter. Swedbank AB now owns 2,402,125 shares of the company's stock valued at $34,014,000 after purchasing an additional 149,875 shares during the period. 78.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Canaccord Genuity Group upped their price target on shares of NuScale Power from $44.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. BTIG Research cut NuScale Power from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 25th. Royal Bank Of Canada started coverage on NuScale Power in a research note on Monday, September 15th. They set a "sector perform" rating and a $35.00 target price on the stock. BNP Paribas upgraded NuScale Power to a "hold" rating in a research note on Friday, July 25th. Finally, BNP Paribas Exane started coverage on NuScale Power in a report on Friday, July 25th. They issued a "neutral" rating and a $41.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $36.67.

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.

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