Steward Partners Investment Advisory LLC Purchases 20,100 Shares of NexGen Energy Ltd. (NYSE:NXE)

Steward Partners Investment Advisory LLC lifted its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 376.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,436 shares of the company’s stock after acquiring an additional 20,100 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in NexGen Energy were worth $168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NXE. The Manufacturers Life Insurance Company raised its position in shares of NexGen Energy by 792.0% during the third quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock worth $46,434,000 after acquiring an additional 6,317,538 shares during the last quarter. Van ECK Associates Corp raised its position in shares of NexGen Energy by 79.7% during the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock worth $55,971,000 after acquiring an additional 3,762,756 shares during the last quarter. Mountaineer Partners Management LLC raised its position in shares of NexGen Energy by 536.6% during the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock worth $24,071,000 after acquiring an additional 3,107,214 shares during the last quarter. Segra Capital Management LLC raised its position in shares of NexGen Energy by 19.8% during the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock worth $76,217,000 after acquiring an additional 1,931,200 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of NexGen Energy by 954.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company’s stock worth $12,385,000 after acquiring an additional 1,698,649 shares during the last quarter. Institutional investors own 42.43% of the company’s stock.

Analysts Set New Price Targets

NXE has been the subject of a number of recent research reports. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Nicolaus initiated coverage on NexGen Energy in a report on Wednesday. They issued a “buy” rating for the company. Finally, Stifel Canada upgraded NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

NexGen Energy Trading Down 0.1 %

NYSE NXE opened at $4.69 on Friday. The stock has a 50-day simple moving average of $6.13 and a 200 day simple moving average of $6.77. The company has a market capitalization of $2.67 billion, a PE ratio of 31.24 and a beta of 1.97. NexGen Energy Ltd. has a 12 month low of $4.44 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.