Accordant Advisory Group Inc Has $625,000 Stock Position in NexGen Energy Ltd. (NYSE:NXE)

Accordant Advisory Group Inc increased its stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 54.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,209 shares of the company's stock after purchasing an additional 49,074 shares during the period. NexGen Energy accounts for about 0.6% of Accordant Advisory Group Inc's portfolio, making the stock its 22nd largest position. Accordant Advisory Group Inc's holdings in NexGen Energy were worth $625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of NXE. PNC Financial Services Group Inc. raised its position in NexGen Energy by 284.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock worth $33,000 after acquiring an additional 3,700 shares during the period. Altshuler Shaham Ltd purchased a new position in NexGen Energy in the fourth quarter valued at approximately $51,000. Mariner LLC purchased a new position in NexGen Energy in the fourth quarter valued at approximately $68,000. Aptus Capital Advisors LLC purchased a new position in NexGen Energy in the fourth quarter valued at approximately $79,000. Finally, Matauro LLC purchased a new position in shares of NexGen Energy during the fourth quarter worth approximately $84,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Trading Down 1.0%

NYSE NXE traded down $0.07 during trading on Friday, reaching $6.63. 9,205,119 shares of the company's stock were exchanged, compared to its average volume of 7,352,268. The firm has a market capitalization of $3.77 billion, a PE ratio of 44.17 and a beta of 1.54. NexGen Energy Ltd. has a fifty-two week low of $3.91 and a fifty-two week high of $8.96. The company's fifty day simple moving average is $5.51 and its 200-day simple moving average is $6.00.

NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.04). Equities analysts forecast that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NXE shares. Stifel Nicolaus started coverage on NexGen Energy in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Scotiabank restated an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Desjardins began coverage on NexGen Energy in a report on Tuesday, June 10th. They set a "buy" rating for the company. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Raymond James reissued an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, NexGen Energy presently has a consensus rating of "Buy".

About NexGen Energy

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.