Jacqueline F. Engel Sells 24,618 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR) VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the sale, the vice president now owns 1,149 shares in the company, valued at $16,683.48. The trade was a 95.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NuScale Power Trading Down 1.9 %

Shares of SMR opened at $15.65 on Friday. 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 12-month low of $3.79 and a 12-month high of $32.30. The firm has a market capitalization of $4.00 billion, a PE ratio of -16.48 and a beta of 1.58. The stock’s fifty day simple moving average is $21.33 and its 200-day simple moving average is $18.51.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut their price target on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.58.

Hedge Funds Weigh In On NuScale Power

Several hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in NuScale Power by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock valued at $191,000 after buying an additional 656 shares during the period. Catalina Capital Group LLC grew its holdings in shares of NuScale Power by 6.8% during the third quarter. Catalina Capital Group LLC now owns 12,638 shares of the company’s stock worth $146,000 after buying an additional 809 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of NuScale Power by 7.3% during the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock worth $140,000 after buying an additional 820 shares in the last quarter. Amalgamated Bank grew its holdings in shares of NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after buying an additional 986 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in NuScale Power by 16.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company’s stock valued at $159,000 after purchasing an additional 1,260 shares in the last quarter. Institutional investors and hedge funds own 78.37% of the company’s stock.

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.