Bank of New York Mellon Corp Purchases Shares of 4,618,360 NexGen Energy $NXE

Key Points

• Bank of New York Mellon acquired 4.62 million NexGen Energy shares worth approximately $43.4 million, giving it a 0.69% stake. Institutional investors collectively own 42.43% of the company.
• NexGen Energy shares rose 1.3% to $11.21, with the stock trading between $7.26 and $13.96 over the past year and below its 200-day moving average.
• Analyst sentiment is mixed: three analysts rate NXE a Buy, one recommends Hold and one rates it Sell, resulting in an overall MarketBeat consensus rating of Hold.

Bank of New York Mellon Corp bought a new position in shares of 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. The institutional investor bought 4,618,360 shares of the company's stock, valued at approximately $43,366,000. Bank of New York Mellon Corp owned approximately 0.69% of NexGen Energy as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Leonteq Securities AG raised its position in NexGen Energy by 88.2% in the first quarter. Leonteq Securities AG now owns 2,343 shares of the company's stock valued at $28,000 after purchasing an additional 1,098 shares during the period. Trifecta Capital Advisors LLC acquired a new stake in shares of NexGen Energy in the second quarter valued at about $46,000. SBI Securities Co. Ltd. raised its holdings in shares of NexGen Energy by 454.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company's stock valued at $73,000 after buying an additional 6,528 shares during the period. Tcfg Wealth Management LLC purchased a new stake in shares of NexGen Energy during the 1st quarter valued at about $116,000. Finally, Jump Financial LLC acquired a new position in NexGen Energy during the 4th quarter worth approximately $93,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Stock Up 1.3%

Shares of NXE opened at $11.21 on Friday. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of -28.04 and a beta of 1.40. The business's 50 day moving average is $9.84 and its two-hundred day moving average is $11.06. NexGen Energy has a 52-week low of $7.26 and a 52-week high of $13.96.

Wall Street Analyst Weigh In

NXE has been the subject of a number of analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a research note on Friday, May 8th. Finally, Wall Street Zen raised shares of NexGen Energy from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold".

NexGen Energy 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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