NuScale Power Co. (NYSE:SMR - Get Free Report) CTO Jose N. Reyes, Jr. sold 33,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief technology officer now directly owns 516,207 shares in the company, valued at $7,810,211.91. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NuScale Power Stock Performance
SMR stock traded up $0.02 during trading on Tuesday, hitting $14.12. 4,747,649 shares of the company's stock traded hands, compared to its average volume of 8,122,179. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of -14.70 and a beta of 1.64. NuScale Power Co. has a 52 week low of $4.61 and a 52 week high of $32.30. The stock has a fifty day moving average price of $19.06 and a two-hundred day moving average price of $19.84. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.
Wall Street Analyst Weigh In
Separately, UBS Group decreased 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.
Read Our Latest Stock Report on NuScale Power
Institutional Investors Weigh In On NuScale Power
A number of institutional investors have recently modified their holdings of SMR. CoreCap Advisors LLC acquired a new position in NuScale Power in the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC lifted its holdings in shares of NuScale Power by 313.8% in the 4th 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 last quarter. Toth Financial Advisory Corp boosted its position in NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after purchasing an additional 1,800 shares during the period. Twin Tree Management LP bought a new position in NuScale Power during the 4th quarter worth $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NuScale Power in the third quarter worth $44,000. Institutional investors own 78.37% of the company's stock.
NuScale Power Company Profile
(
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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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