Reaves W H & Co. Inc. Makes New Investment in Centrus Energy Corp. (NYSE:LEU)

Reaves W H & Co. Inc. bought a new position in Centrus Energy Corp. (NYSE:LEU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 228,413 shares of the company’s stock, valued at approximately $15,215,000. Reaves W H & Co. Inc. owned 1.39% of Centrus Energy as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. boosted its stake in Centrus Energy by 22.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 124,381 shares of the company’s stock worth $6,822,000 after purchasing an additional 22,605 shares during the period. Barclays PLC boosted its stake in Centrus Energy by 103.8% in the 3rd quarter. Barclays PLC now owns 37,588 shares of the company’s stock worth $2,061,000 after purchasing an additional 19,140 shares during the period. Rockefeller Capital Management L.P. boosted its stake in Centrus Energy by 97.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 63,480 shares of the company’s stock worth $3,482,000 after purchasing an additional 31,408 shares during the period. Geode Capital Management LLC raised its holdings in shares of Centrus Energy by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 319,935 shares of the company’s stock valued at $17,552,000 after acquiring an additional 15,080 shares in the last quarter. Finally, Legacy Bridge LLC purchased a new stake in shares of Centrus Energy in the 4th quarter valued at about $657,000. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Stock Performance

Shares of NYSE LEU opened at $84.00 on Tuesday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 19.05 and a beta of 1.17. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. Centrus Energy Corp. has a 1-year low of $33.51 and a 1-year high of $122.95. The stock’s 50-day moving average is $86.16 and its 200 day moving average is $73.01.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com raised Centrus Energy to a “sell” rating in a report on Monday, February 10th. HC Wainwright assumed coverage on Centrus Energy in a report on Tuesday, February 25th. They issued a “buy” rating and a $300.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $161.33.

Insider Activity at Centrus Energy

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of Centrus Energy stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total value of $481,240.00. Following the transaction, the senior vice president now directly owns 9,402 shares of the company’s stock, valued at $1,131,154.62. The trade was a 29.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Centrus Energy Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.