Nuveen LLC Takes Position in NexGen Energy $NXE

Nuveen LLC acquired a new position in shares of NexGen Energy (NYSE:NXE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 466,255 shares of the company’s stock, valued at approximately $2,090,000. Nuveen LLC owned about 0.08% of NexGen Energy at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NXE. Mariner LLC purchased a new position in shares of NexGen Energy in the 4th quarter worth about $68,000. Aptus Capital Advisors LLC purchased a new position in NexGen Energy in the fourth quarter valued at about $79,000. Hsbc Holdings PLC grew its position in shares of NexGen Energy by 22.8% during the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company’s stock valued at $124,000 after acquiring an additional 3,473 shares during the period. Deutsche Bank AG increased its stake in shares of NexGen Energy by 34.7% during the 1st quarter. Deutsche Bank AG now owns 30,968 shares of the company’s stock worth $139,000 after purchasing an additional 7,977 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of NexGen Energy by 6.7% during the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company’s stock worth $174,000 after purchasing an additional 1,656 shares during the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Trading Up 6.0%

Shares of NexGen Energy stock opened at $7.88 on Friday. The company’s 50-day moving average price is $6.89 and its 200-day moving average price is $5.91. NexGen Energy has a 12-month low of $3.91 and a 12-month high of $8.96. The company has a market cap of $4.50 billion, a price-to-earnings ratio of -31.53 and a beta of 1.45.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08). On average, sell-side analysts predict that NexGen Energy will post -0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NXE. TD Securities reissued a “buy” rating on shares of NexGen Energy in a report on Friday, August 8th. Desjardins started coverage on shares of NexGen Energy in a research report on Tuesday, June 10th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, NexGen Energy presently has a consensus rating of “Buy”.

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.