NuScale Power Co. (NYSE:SMR) VP Jacqueline F. Engel Sells 18,186 Shares

NuScale Power Co. (NYSE:SMRGet Free Report) VP Jacqueline F. Engel sold 18,186 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the transaction, the vice president now owns 3,801 shares in the company, valued at approximately $110,229. This represents a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NuScale Power Stock Down 2.1 %

Shares of NYSE SMR opened at $24.34 on Friday. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of -25.62 and a beta of 1.33. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 52-week low of $1.88 and a 52-week high of $32.30. The business’s 50 day moving average is $20.08 and its two-hundred day moving average is $13.32.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. CLSA began coverage on NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 target price on the stock. Craig Hallum upped their price objective on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.39.

Read Our Latest Report on NuScale Power

Institutional Trading of NuScale Power

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMR. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in NuScale Power in the third quarter valued at approximately $44,000. US Bancorp DE purchased a new position in NuScale Power in the third quarter valued at $54,000. CWM LLC increased its holdings in NuScale Power by 4,593.8% during the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after purchasing an additional 5,191 shares during the period. International Assets Investment Management LLC acquired a new stake in NuScale Power in the 2nd quarter valued at about $64,000. Finally, TFC Financial Management Inc. purchased a new position in shares of NuScale Power in the 2nd quarter valued at about $75,000. Hedge funds and other institutional investors own 15.28% of the company’s stock.

NuScale Power Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for NuScale Power (NYSE:SMR)

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