325,000 Shares in X-Energy, Inc. $XE Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new position in shares of X-Energy, Inc. (NASDAQ:XE) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 325,000 shares of the company’s stock, valued at approximately $5,967,000. Squarepoint Ops LLC owned approximately 0.08% of X-Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in shares of X-Energy during the second quarter worth approximately $15,011,000. Readystate Asset Management LP acquired a new position in X-Energy in the 2nd quarter valued at $2,943,000. Bank of New York Mellon Corp purchased a new position in X-Energy in the 2nd quarter valued at $1,251,000. California State Teachers Retirement System acquired a new stake in X-Energy during the 2nd quarter worth $201,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in X-Energy during the 2nd quarter worth $221,000.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Wall Street Zen cut shares of X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. TD Cowen reiterated a “buy” rating on shares of X-Energy in a report on Tuesday, June 23rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 target price on shares of X-Energy in a research note on Friday, August 14th. Finally, Piper Sandler started coverage on X-Energy in a report on Tuesday. They set an “underweight” rating and a $9.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $34.25.

X-Energy Stock Performance

X-Energy stock opened at $14.93 on Friday. The company has a 50 day moving average price of $17.67. X-Energy, Inc. has a 1-year low of $13.29 and a 1-year high of $37.10. The stock has a market cap of $6.07 billion and a PE ratio of -99.53.

X-Energy (NASDAQ:XE) last released its quarterly 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 company’s revenue was up 154.0% compared to the same quarter last year. On average, research analysts forecast that X-Energy, Inc. will post -0.67 earnings per share for the current year.

About X-Energy

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.