NuScale Power (NYSE:SMR) Stock Price Down 0.4% – Here’s Why

Shares of NuScale Power Co. (NYSE:SMR) traded down 0.4% on Tuesday . The company traded as low as $22.55 and last traded at $22.98. 4,435,700 shares changed hands during trading, a decline of 64% from the average session volume of 12,209,884 shares. The stock had previously closed at $23.08.

NuScale Power Trading Down 4.6 %

The company has a 50-day simple moving average of $22.04 and a 200-day simple moving average of $17.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market cap of $5.62 billion, a P/E ratio of -23.17 and a beta of 1.51.

Insider Activity at NuScale Power

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. The trade was a 95.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jacqueline F. Engel sold 18,186 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the transaction, the vice president now directly owns 3,801 shares in the company, valued at approximately $110,229. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.

Institutional Trading of NuScale Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMR. Samsung C&T Corp bought a new position in shares of NuScale Power in the 4th quarter valued at about $46,745,000. Arrowstreet Capital Limited Partnership bought a new position in NuScale Power in the fourth quarter valued at approximately $22,823,000. Vanguard Group Inc. grew its holdings in NuScale Power by 8.2% during the 4th 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 90.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company’s stock valued at $14,307,000 after acquiring an additional 585,292 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of NuScale Power by 212.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock valued at $7,843,000 after purchasing an additional 460,487 shares during the period. 78.37% of the stock is owned by 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.