Alberta Investment Management Corp Invests $3.12 Million in NexGen Energy $NXE

Key Points

• Alberta Investment Management Corp. purchased 332,541 NexGen Energy shares in the second quarter, valued at approximately $3.12 million.
• Several institutional investors increased their positions, including Vanguard, Amundi, Janus Henderson and Acasta Partners; institutional investors collectively own 42.43% of NexGen’s stock.
• Analyst sentiment is mixed, with three Buy ratings, one Hold and one Sell, resulting in an overall “Hold” consensus. NexGen shares opened at $10.77, versus a 52-week range of $6.26 to $13.96.

Alberta Investment Management Corp purchased a new stake in NexGen Energy (NYSE:NXE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 332,541 shares of the company's stock, valued at approximately $3,120,000.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of NexGen Energy by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company's stock worth $226,901,000 after buying an additional 3,304,071 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in NexGen Energy during the 4th quarter valued at $1,641,000. Amundi boosted its stake in NexGen Energy by 167.0% during the 1st quarter. Amundi now owns 2,083,568 shares of the company's stock valued at $24,169,000 after acquiring an additional 1,303,093 shares during the last quarter. Janus Henderson Group PLC grew its holdings in NexGen Energy by 107.0% during the 1st quarter. Janus Henderson Group PLC now owns 799,183 shares of the company's stock worth $9,248,000 after acquiring an additional 413,061 shares in the last quarter. Finally, Acasta Partners UK LLP grew its holdings in NexGen Energy by 96.7% during the 2nd quarter. Acasta Partners UK LLP now owns 131,787 shares of the company's stock worth $1,237,000 after acquiring an additional 64,787 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Wall Street Zen upgraded NexGen Energy from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, NexGen Energy has an average rating of "Hold".

NexGen Energy Stock Performance

NYSE NXE opened at $10.77 on Tuesday. NexGen Energy has a one year low of $6.26 and a one year high of $13.96. The company has a 50-day simple moving average of $9.74 and a 200-day simple moving average of $11.14. The firm has a market capitalization of $7.21 billion, a PE ratio of -26.92 and a beta of 1.40.

NexGen Energy Company Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company's primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen's technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world's most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.

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