352,759 Shares in NextDecade Corporation $NEXT Bought by Clough Capital Partners L P

Key Points

• Clough Capital Partners acquired 352,759 NextDecade shares worth approximately $2.7 million, giving it a 0.13% stake. Institutional investors and hedge funds collectively own 66.74% of the company.
• Analyst sentiment is mixed, with ratings ranging from Strong Buy to Sell. NextDecade has an average “Hold” rating and a consensus price target of $8.10, while Citigroup issued the highest target at $11.00.
• NextDecade reported a quarterly loss of $0.51 per share, beating the expected $0.66 loss. Shares opened at $7.01, compared with a 12-month range of $4.75 to $11.85.

Clough Capital Partners L P bought a new stake in NextDecade Corporation (NASDAQ:NEXT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 352,759 shares of the company's stock, valued at approximately $2,702,000. Clough Capital Partners L P owned approximately 0.13% of NextDecade at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in shares of NextDecade by 22,782.4% during the 3rd quarter. US Bancorp DE now owns 3,890 shares of the company's stock worth $26,000 after buying an additional 3,873 shares during the last quarter. Comerica Bank increased its position in shares of NextDecade by 88.0% in the first quarter. Comerica Bank now owns 4,060 shares of the company's stock valued at $32,000 after acquiring an additional 1,900 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of NextDecade in the second quarter valued at about $36,000. Aster Capital Management DIFC Ltd raised its holdings in NextDecade by 111.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 7,201 shares of the company's stock worth $38,000 after acquiring an additional 3,792 shares in the last quarter. Finally, Smartleaf Asset Management LLC bought a new stake in NextDecade during the fourth quarter worth about $41,000. 66.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on NEXT. Morgan Stanley raised their price target on NextDecade from $7.00 to $8.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 21st. The Goldman Sachs Group began coverage on shares of NextDecade in a research note on Wednesday, July 15th. They issued a "neutral" rating and a $8.50 price target on the stock. Weiss Ratings upgraded NextDecade from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, April 27th. Finally, Citigroup initiated coverage on NextDecade in a report on Wednesday, May 13th. They set a "buy" rating and a $11.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NextDecade currently has an average rating of "Hold" and a consensus price target of $8.10.

NextDecade Price Performance

Shares of NextDecade stock opened at $7.01 on Monday. NextDecade Corporation has a twelve month low of $4.75 and a twelve month high of $11.85. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.96. The company has a 50-day simple moving average of $7.93 and a two-hundred day simple moving average of $6.93. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -5.23 and a beta of 1.51.

NextDecade (NASDAQ:NEXT - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.66) by $0.15. Analysts forecast that NextDecade Corporation will post -2.09 EPS for the current year.

NextDecade Profile

NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company's core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade's projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.

NextDecade's flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.

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