Segra Capital Management LLC Acquires 1,202,283 Shares of X-Energy, Inc. $XE

Key Points

• Segra Capital Management increased its X-Energy stake by 8.3%, purchasing 1.2 million additional shares to own 15.68 million shares, or 3.86% of the company. X-Energy represents about 22.5% of Segra’s portfolio.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $34.25, although ratings range from “Strong Buy” to “Sell.”
• X-Energy shares traded at $15.50, with a $6.3 billion market capitalization, while the company reported $54.6 million in quarterly revenue—up 154% year over year—but missed earnings expectations with a $0.15 per-share loss.

Segra Capital Management LLC lifted its holdings in shares of X-Energy, Inc. (NASDAQ:XE - Free Report) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,678,017 shares of the company's stock after purchasing an additional 1,202,283 shares during the period. X-Energy accounts for about 22.5% of Segra Capital Management LLC's portfolio, making the stock its biggest position. Segra Capital Management LLC owned 3.86% of X-Energy worth $222,314,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in XE. Eastern Bank acquired a new position in X-Energy in the third quarter valued at approximately $28,000. IFP Advisors Inc bought a new stake in shares of X-Energy in the 2nd quarter valued at $95,000. Silicon Valley Capital Partners bought a new stake in shares of X-Energy in the 2nd quarter valued at $103,000. Formula Growth Ltd. acquired a new position in shares of X-Energy during the 2nd quarter valued at $174,000. Finally, AXQ Capital LP bought a new position in X-Energy during the second quarter worth $188,000.

Analysts Set New Price Targets

Several research firms have weighed in on XE. TD Cowen reaffirmed a "buy" rating on shares of X-Energy in a research note on Tuesday, June 23rd. Cantor Fitzgerald reissued an "overweight" rating and set a $38.00 price objective on shares of X-Energy in a research report on Friday, August 14th. Jefferies Financial Group restated a "hold" rating and issued a $22.00 target price on shares of X-Energy in a research note on Wednesday, June 24th. Guggenheim reiterated a "buy" rating and issued a $57.00 price target on shares of X-Energy in a report on Tuesday, September 8th. Finally, Wall Street Zen cut X-Energy from a "hold" rating to a "sell" rating in a research note on Saturday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $34.25.

X-Energy Stock Performance

XE traded up $1.09 during midday trading on Tuesday, reaching $15.50. 4,958,204 shares of the company were exchanged, compared to its average volume of 5,893,874. The company has a market cap of $6.30 billion and a P/E ratio of -103.33. X-Energy, Inc. has a one year low of $13.29 and a one year high of $37.10. The stock has a fifty day moving average of $17.48.

X-Energy (NASDAQ:XE - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The company had revenue of $54.60 million during the quarter. The company's revenue was up 154.0% compared to the same quarter last year. On average, sell-side analysts forecast that X-Energy, Inc. will post -0.71 EPS for the current year.

X-Energy Company Profile

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.

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