NuScale Power (NYSE:SMR) Price Target Lowered to $17.00 at UBS Group

NuScale Power (NYSE:SMR) had its price target reduced by UBS Group from $25.00 to $17.00 in a research note published on Friday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

NuScale Power Stock Performance

Shares of SMR stock opened at $15.65 on Friday. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of -16.48 and a beta of 1.58. The company’s 50 day moving average is $21.33 and its 200 day moving average is $18.51. 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 has a 52-week low of $3.79 and a 52-week high of $32.30.

Insider Activity at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the transaction, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction 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 completion of the transaction, the vice president now directly owns 1,149 shares in the company, valued at $16,683.48. This represents a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NuScale Power

Several institutional investors and hedge funds have recently bought and sold shares of the company. Total Wealth Planning & Management Inc. purchased a new stake in shares of NuScale Power during the fourth quarter valued at $324,000. Glen Eagle Advisors LLC purchased a new stake in shares of NuScale Power during the fourth quarter valued at $208,000. Voloridge Investment Management LLC purchased a new stake in shares of NuScale Power during the fourth quarter valued at $1,766,000. Two Sigma Advisers LP purchased a new stake in shares of NuScale Power during the fourth quarter valued at $2,018,000. Finally, Two Sigma Investments LP grew its holdings in shares of NuScale Power by 60.2% during the fourth quarter. Two Sigma Investments LP now owns 487,037 shares of the company’s stock valued at $8,733,000 after buying an additional 182,928 shares during the last quarter. 78.37% of the stock is owned by hedge funds and other institutional investors.

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.