NuScale Power Co. (NYSE:SMR) VP Sells $357,453.36 in Stock

NuScale Power Co. (NYSE:SMR - Get Free Report) VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the sale, the vice president now directly owns 1,149 shares of the company's stock, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

NuScale Power Price Performance

Shares of NuScale Power stock traded down $0.30 during midday trading on Friday, reaching $15.65. The company had a trading volume of 11,051,525 shares, compared to its average volume of 11,949,105. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of -16.48 and a beta of 1.58. The stock has a fifty day simple moving average of $21.26 and a 200 day simple moving average of $18.63. NuScale Power Co. has a 1-year low of $3.79 and a 1-year high of $32.30.

Institutional Trading of NuScale Power

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in NuScale Power by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock worth $151,113,000 after acquiring an additional 635,271 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NuScale Power by 1.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company's stock worth $101,998,000 after acquiring an additional 89,949 shares during the period. Samsung C&T Corp acquired a new stake in NuScale Power during the 4th quarter worth $46,745,000. Geode Capital Management LLC grew its holdings in NuScale Power by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company's stock worth $35,249,000 after acquiring an additional 135,613 shares during the period. Finally, Van ECK Associates Corp grew its holdings in NuScale Power by 41.4% during the 4th 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. Institutional investors and hedge funds own 78.37% of the company's stock.

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Analysts Set New Price Targets

Separately, UBS Group dropped their price objective on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $12.58.

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.