Jose N. Reyes, Jr. Sells 33,000 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR) CTO Jose N. Reyes, Jr. sold 33,000 shares of the business’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 sale, the chief technology officer now directly owns 516,207 shares in the company, valued at $7,810,211.91. This trade represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NuScale Power Stock Down 11.1 %

NYSE:SMR opened at $12.57 on Friday. The firm has a market capitalization of $3.55 billion, a P/E ratio of -13.23 and a beta of 1.64. The company’s fifty day moving average price is $19.18 and its 200-day moving average price is $19.73. NuScale Power Co. has a 1-year low of $4.61 and a 1-year high of $32.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

Analyst Ratings Changes

Separately, UBS Group dropped 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, March 7th.

Hedge Funds Weigh In On NuScale Power

A number of institutional investors have recently modified their holdings of SMR. Intech Investment Management LLC acquired a new stake in NuScale Power during the third quarter worth about $175,000. Charles Schwab Investment Management Inc. grew its stake in shares of NuScale Power by 212.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after purchasing an additional 460,487 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of NuScale Power during the 3rd quarter valued at approximately $44,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of NuScale Power by 57.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 351,777 shares of the company’s stock valued at $4,074,000 after purchasing an additional 128,012 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in NuScale Power by 28.4% during the third quarter. Rockefeller Capital Management L.P. now owns 28,683 shares of the company’s stock worth $332,000 after buying an additional 6,350 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

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.