NuScale Power (NYSE:SMR) Given New $17.00 Price Target at UBS Group

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

NuScale Power Trading Down 1.9 %

NYSE SMR opened at $15.65 on Friday. The company has a market capitalization of $4.00 billion, a PE ratio of -16.48 and a beta of 1.58. The company has a fifty day moving average of $21.33 and a 200 day moving average of $18.51. NuScale Power has a 1 year low of $3.79 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.

Insider Activity at NuScale Power

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the transaction, the chief executive officer now directly owns 34,675 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, VP Jacqueline F. Engel sold 24,618 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the transaction, the vice president now owns 1,149 shares of the company’s stock, 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 insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SMR. Samsung C&T Corp acquired a new position in shares of NuScale Power in the fourth quarter worth about $46,745,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of NuScale Power in the fourth quarter worth about $22,823,000. Vanguard Group Inc. raised its position in shares of NuScale Power by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock worth $151,113,000 after acquiring an additional 635,271 shares during the period. Van ECK Associates Corp raised its position in shares of NuScale Power by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock worth $31,317,000 after acquiring an additional 511,168 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of NuScale Power by 212.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after acquiring an additional 460,487 shares during the period. Institutional investors and hedge funds 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.