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

NuScale Power Co. (NYSE:SMR) CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the transaction, the chief technology officer now directly owns 516,207 shares in the company, valued at approximately $7,810,211.91. This trade represents a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NuScale Power Trading Down 11.1 %

Shares of SMR stock opened at $12.57 on Friday. NuScale Power Co. has a twelve month low of $4.61 and a twelve month high of $32.30. 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 business’s 50 day moving average is $19.18 and its two-hundred day moving average is $19.66. The company has a market capitalization of $3.55 billion, a P/E ratio of -13.23 and a beta of 1.58.

Analysts Set New Price Targets

Separately, UBS Group cut their target price on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th.

Hedge Funds Weigh In On NuScale Power

A number of hedge funds and other institutional investors have recently bought and sold shares of SMR. California State Teachers Retirement System boosted its holdings in shares of NuScale Power by 17.9% in the fourth quarter. California State Teachers Retirement System now owns 79,687 shares of the company’s stock valued at $1,429,000 after acquiring an additional 12,070 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in NuScale Power in the fourth quarter valued at about $207,000. Total Wealth Planning & Management Inc. purchased a new stake in NuScale Power in the 4th quarter valued at approximately $324,000. Glen Eagle Advisors LLC acquired a new position in NuScale Power during the 4th quarter worth approximately $208,000. Finally, Voloridge Investment Management LLC purchased a new position in shares of NuScale Power during the 4th quarter worth approximately $1,766,000. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

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.