Nano Nuclear Energy Inc. $NNE Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 33.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,001 shares of the company’s stock after selling 4,018 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Nano Nuclear Energy were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NNE. Vanguard Group Inc. increased its holdings in shares of Nano Nuclear Energy by 44.4% during the 1st quarter. Vanguard Group Inc. now owns 990,024 shares of the company’s stock valued at $26,196,000 after purchasing an additional 304,405 shares in the last quarter. Nuveen LLC acquired a new position in shares of Nano Nuclear Energy in the first quarter worth about $2,574,000. Sharpepoint LLC raised its position in shares of Nano Nuclear Energy by 469.5% in the first quarter. Sharpepoint LLC now owns 66,034 shares of the company’s stock worth $1,747,000 after acquiring an additional 54,438 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Nano Nuclear Energy by 445.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 59,291 shares of the company’s stock worth $1,569,000 after acquiring an additional 48,424 shares during the period. Finally, Swiss National Bank acquired a new position in shares of Nano Nuclear Energy in the first quarter worth about $1,220,000.

Nano Nuclear Energy Trading Up 0.8%

NNE opened at $47.41 on Friday. The firm has a market capitalization of $1.97 billion, a PE ratio of -50.98 and a beta of 6.80. Nano Nuclear Energy Inc. has a twelve month low of $15.16 and a twelve month high of $60.51. The firm’s 50-day moving average price is $37.00 and its 200 day moving average price is $32.13.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.08. As a group, analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

NNE has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH initiated coverage on Nano Nuclear Energy in a research report on Thursday, July 10th. They set a “buy” rating and a $51.00 price target on the stock. HC Wainwright reissued a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Friday, August 15th. BTIG Research initiated coverage on shares of Nano Nuclear Energy in a research note on Thursday, August 28th. They issued a “neutral” rating on the stock. Northland Securities initiated coverage on shares of Nano Nuclear Energy in a research note on Monday, July 7th. They issued an “outperform” rating and a $40.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Nano Nuclear Energy currently has an average rating of “Moderate Buy” and an average price target of $51.75.

About Nano Nuclear Energy

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.