NexGen Energy Ltd. (NYSE:NXE) Position Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 32.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,639 shares of the company’s stock after purchasing an additional 30,527 shares during the quarter. Envestnet Asset Management Inc.’s holdings in NexGen Energy were worth $816,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NXE. Vanguard Group Inc. boosted its stake in NexGen Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 20,436,513 shares of the company’s stock valued at $134,779,000 after buying an additional 298,106 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of NexGen Energy by 79.7% during the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock valued at $55,971,000 after purchasing an additional 3,762,756 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of NexGen Energy by 222.6% during the 4th quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company’s stock valued at $41,882,000 after purchasing an additional 4,378,933 shares in the last quarter. Azarias Capital Management L.P. grew its stake in shares of NexGen Energy by 15.3% in the 4th quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company’s stock worth $13,455,000 after purchasing an additional 271,153 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of NexGen Energy by 954.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company’s stock worth $12,385,000 after purchasing an additional 1,698,649 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NXE shares. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th. Stifel Nicolaus assumed coverage on NexGen Energy in a report on Wednesday, March 12th. They issued a “buy” rating on the stock. Raymond James reaffirmed an “outperform” rating on shares of NexGen Energy in a report on Friday, April 4th. Finally, Stifel Canada raised NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Three analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

NexGen Energy Stock Up 0.6 %

Shares of NYSE:NXE opened at $5.31 on Friday. The company’s fifty day moving average is $4.79 and its two-hundred day moving average is $6.38. The company has a market cap of $3.02 billion, a P/E ratio of 35.40 and a beta of 2.02. NexGen Energy Ltd. has a 12-month low of $3.91 and a 12-month high of $8.96.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.