Wells Fargo & Company MN Acquires 2,850 Shares of Centrus Energy Corp. (NYSE:LEU)

Wells Fargo & Company MN increased its stake in Centrus Energy Corp. (NYSE:LEU) by 40.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,960 shares of the company’s stock after purchasing an additional 2,850 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of Centrus Energy worth $663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Cape Investment Advisory Inc. purchased a new stake in Centrus Energy in the fourth quarter worth about $27,000. PNC Financial Services Group Inc. increased its holdings in Centrus Energy by 77.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. National Bank of Canada FI purchased a new stake in Centrus Energy in the 4th quarter worth approximately $51,000. Farther Finance Advisors LLC raised its stake in Centrus Energy by 33,333.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock worth $67,000 after acquiring an additional 1,000 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in Centrus Energy during the fourth quarter valued at approximately $113,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Centrus Energy news, SVP Larry B. Cutlip sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total transaction of $481,240.00. Following the completion of the transaction, the senior vice president now owns 9,402 shares in the company, valued at $1,131,154.62. This trade represents a 29.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by company insiders.

Centrus Energy Stock Up 2.6 %

Shares of LEU stock opened at $71.09 on Friday. The company’s fifty day simple moving average is $70.94 and its two-hundred day simple moving average is $79.38. Centrus Energy Corp. has a 52 week low of $33.51 and a 52 week high of $122.95. The stock has a market cap of $1.19 billion, a P/E ratio of 16.12 and a beta of 1.26. The company has a quick ratio of 2.46, a current ratio of 2.93 and a debt-to-equity ratio of 3.09.

Analyst Upgrades and Downgrades

LEU has been the subject of a number of analyst reports. Citigroup started coverage on shares of Centrus Energy in a research note on Tuesday, March 4th. They issued a “neutral” rating and a $104.00 price objective for the company. HC Wainwright initiated coverage on Centrus Energy in a research note on Tuesday, February 25th. They issued a “buy” rating and a $300.00 price target for the company. Craig Hallum began coverage on Centrus Energy in a research report on Tuesday, April 1st. They issued a “buy” rating and a $129.00 price objective on the stock. Finally, StockNews.com upgraded Centrus Energy to a “sell” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $143.40.

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.