Tidal Investments LLC Purchases Shares of 182,111 X-Energy, Inc. $XE

Tidal Investments LLC acquired a new position in X-Energy, Inc. (NASDAQ:XE) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 182,111 shares of the company’s stock, valued at approximately $3,344,000.

Several other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP bought a new position in X-Energy in the 2nd quarter worth approximately $15,011,000. BlueCrest Capital Management Ltd bought a new position in shares of X-Energy during the 2nd quarter worth about $7,436,000. Squarepoint Ops LLC bought a new position in shares of X-Energy during the 2nd quarter worth about $5,967,000. Readystate Asset Management LP acquired a new position in shares of X-Energy during the second quarter valued at about $2,943,000. Finally, WINTON GROUP Ltd bought a new stake in shares of X-Energy in the second quarter valued at about $1,645,000.

X-Energy Stock Up 4.8%

NASDAQ:XE opened at $15.64 on Tuesday. The company has a market capitalization of $6.36 billion and a PE ratio of -104.27. X-Energy, Inc. has a 1 year low of $13.29 and a 1 year high of $37.10. The firm has a 50 day moving average price of $17.62.

X-Energy (NASDAQ:XE) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The company had revenue of $54.60 million during the quarter. The company’s revenue for the quarter was up 154.0% compared to the same quarter last year. On average, analysts anticipate that X-Energy, Inc. will post -0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

XE has been the subject of several recent research reports. Guggenheim reaffirmed a “buy” rating and issued a $57.00 price target on shares of X-Energy in a report on Tuesday, September 8th. Wolfe Research began coverage on X-Energy in a research report on Tuesday, May 19th. They issued a “peer perform” rating for the company. Wall Street Zen downgraded shares of X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. JPMorgan Chase & Co. started coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 price objective for the company. Finally, Weiss Ratings began coverage on shares of X-Energy in a research report on Monday, July 20th. They set a “sell (d)” rating on the stock. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, X-Energy has a consensus rating of “Hold” and an average price target of $34.25.

X-Energy Company Profile

X-Energy, Inc (NASDAQ:XE) is an advanced nuclear energy company developing modular reactors and fuel systems designed to provide reliable, low-carbon electricity and industrial heat. Its primary technology is the Xe-100, a high-temperature gas-cooled small modular reactor intended for applications including grid power, industrial operations and data centers.

The company also develops and manufactures TRISO-X nuclear fuel, a coated particle fuel designed for use in high-temperature reactors.