Segra Capital Management LLC Boosts Stock Holdings in X-Energy, Inc. $XE

Segra Capital Management LLC lifted its holdings in X-Energy, Inc. (NASDAQ:XE) by 8.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 15,678,017 shares of the company’s stock after acquiring an additional 1,202,283 shares during the quarter. X-Energy comprises approximately 22.5% of Segra Capital Management LLC’s holdings, making the stock its biggest position. Segra Capital Management LLC’s holdings in X-Energy were worth $222,314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Tidal Investments LLC purchased a new position in X-Energy in the second quarter worth $3,344,000. State Street Corp bought a new stake in shares of X-Energy during the 2nd quarter worth $8,522,000. WINTON GROUP Ltd bought a new stake in shares of X-Energy during the 2nd quarter worth $1,645,000. BlueCrest Capital Management Ltd purchased a new position in shares of X-Energy in the 2nd quarter worth about $7,436,000. Finally, Squarepoint Ops LLC bought a new position in X-Energy during the second quarter valued at about $5,967,000.

X-Energy Trading Up 7.6%

Shares of XE traded up $1.09 during trading hours on Tuesday, hitting $15.50. The company’s stock had a trading volume of 4,958,204 shares, compared to its average volume of 5,893,874. The company has a 50 day moving average price of $17.48. X-Energy, Inc. has a 52-week low of $13.29 and a 52-week high of $37.10. The company has a market cap of $6.30 billion and a P/E ratio of -103.33.

X-Energy (NASDAQ:XE) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The company had revenue of $54.60 million for the quarter. The business’s revenue was up 154.0% on a year-over-year basis. As a group, sell-side analysts anticipate that X-Energy, Inc. will post -0.71 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on XE. TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a research report on Tuesday, June 23rd. Texas Capital upgraded shares of X-Energy to a “strong-buy” rating in a research note on Monday, September 14th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $22.00 price target on shares of X-Energy in a report on Wednesday, June 24th. Guggenheim reissued a “buy” rating and set a $57.00 price objective on shares of X-Energy in a report on Tuesday, September 8th. Finally, Piper Sandler started coverage on X-Energy in a research report on Tuesday, September 8th. They issued an “underweight” rating and a $9.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.25.

About X-Energy

X-energy is an advanced nuclear energy company developing small modular reactors and the specialized fuel needed to operate them. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor designed to provide reliable, carbon-free electricity and high-temperature process heat for utilities, industrial facilities and other energy users.

The company also develops TRISO-X fuel, a form of accident-tolerant nuclear fuel made with coated fuel particles designed to retain radioactive materials at high temperatures.