Wellington Management Group LLP Makes New Investment in X-Energy, Inc. $XE

Wellington Management Group LLP acquired a new stake in X-Energy, Inc. (NASDAQ:XE) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 817,587 shares of the company’s stock, valued at approximately $15,011,000.

Other large investors have also recently made changes to their positions in the company. Formula Growth Ltd. bought a new stake in shares of X-Energy during the 2nd quarter worth $174,000. Public Employees Retirement System of Ohio bought a new position in X-Energy during the second quarter valued at about $221,000. Finally, Bank of New York Mellon Corp purchased a new stake in X-Energy during the second quarter worth about $1,251,000.

Wall Street Analysts Forecast Growth

XE has been the topic of several research reports. Weiss Ratings started coverage on shares of X-Energy in a research report on Monday, July 20th. They issued a “sell (d)” rating on the stock. Zacks Research upgraded shares of X-Energy to a “hold” rating in a research note on Wednesday, May 20th. Guggenheim started coverage on X-Energy in a research note on Tuesday, May 19th. They issued a “buy” rating and a $57.00 price objective on the stock. UBS Group reduced their price objective on X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Finally, TD Cowen reissued a “buy” rating on shares of X-Energy in a research report on Tuesday, June 23rd. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.86.

X-Energy Stock Performance

NASDAQ XE opened at $17.71 on Tuesday. The stock has a market capitalization of $7.20 billion and a P/E ratio of -118.07. X-Energy, Inc. has a 52 week low of $13.29 and a 52 week high of $37.10. The firm’s 50-day simple moving average is $17.76.

X-Energy (NASDAQ:XE) last posted its earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The firm had revenue of $54.60 million for the quarter. X-Energy’s revenue was up 154.0% on a year-over-year basis. As a group, equities research analysts expect that X-Energy, Inc. will post -0.76 EPS for the current fiscal year.

About X-Energy

X-Energy (NASDAQ: XE) is a U.S.-based advanced nuclear technology company focused on the development and commercialization of small modular reactors (SMRs) and advanced nuclear fuel. Its flagship reactor design, the Xe-100, is a high-temperature gas-cooled reactor intended to provide low-carbon electricity and process heat for industrial applications. X-Energy’s technology centers on TRISO fuel, a robust, particle-based fuel form that the company promotes for enhanced safety and high-temperature operation.

The company’s activities include reactor design and engineering, fuel development and manufacturing, regulatory engagement, and project delivery support for utility and industrial customers.