Wellington Management Group LLP Makes New $15.01 Million Investment in X-Energy, Inc. $XE

Key Points

• Wellington Management Group purchased 817,587 X-Energy shares worth approximately $15.01 million, representing a 0.20% stake. Several other institutional investors also initiated positions during the second quarter.
• Analyst sentiment is generally positive, with six Buy ratings, three Holds, and one Sell. X-Energy has a consensus rating of “Moderate Buy” and an average price target of $37.86.
• X-Energy shares opened at $17.71, versus a 52-week range of $13.29 to $37.10. Quarterly revenue rose 154% year over year to $54.6 million, but the company missed earnings estimates with a loss of $0.15 per share.

Wellington Management Group LLP purchased a new stake in X-Energy, Inc. (NASDAQ:XE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 817,587 shares of the company's stock, valued at approximately $15,011,000. Wellington Management Group LLP owned 0.20% of X-Energy as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on XE shares. Morgan Stanley assumed coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set an "overweight" rating and a $41.00 price objective on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $38.00 price target on shares of X-Energy in a research note on Friday, August 14th. Weiss Ratings began coverage on X-Energy in a report on Monday, July 20th. They issued a "sell (d)" rating on the stock. TD Cowen restated a "buy" rating on shares of X-Energy in a report on Tuesday, June 23rd. Finally, Zacks Research raised X-Energy to a "hold" rating in a research report on Wednesday, May 20th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, X-Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.86.

X-Energy Stock Performance

Shares of NASDAQ:XE opened at $17.71 on Tuesday. The company has a market cap of $7.20 billion and a PE ratio of -118.07. The company's fifty day moving average is $17.76. X-Energy, Inc. has a 1-year low of $13.29 and a 1-year high of $37.10.

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

X-Energy Profile

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.

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