Northwest & Ethical Investments L.P. Boosts Holdings in NexGen Energy $NXE

Key Points

• Northwest & Ethical Investments L.P. significantly increased its ownership in NexGen Energy by 149.0%, acquiring an additional 49,920 shares, bringing its total holdings to 83,421 shares valued at $374,000 as of the recent SEC filing.
• Several institutional investors have also recently changed their positions, increasing interest in NexGen Energy, which is owned 42.43% by institutional investors.
• NexGen Energy reported a quarterly loss of ($0.10) earnings per share, which was below analysts' expectations, with forecasts predicting a projected EPS of -0.05 for the current year.

Northwest & Ethical Investments L.P. raised its position in NexGen Energy (NYSE:NXE - Free Report) by 149.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,421 shares of the company's stock after acquiring an additional 49,920 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in NexGen Energy were worth $374,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mariner LLC purchased a new position in NexGen Energy in the fourth quarter worth approximately $68,000. Aptus Capital Advisors LLC purchased a new position in NexGen Energy in the fourth quarter worth approximately $79,000. Ground Swell Capital LLC purchased a new position in NexGen Energy in the first quarter worth approximately $55,000. Hsbc Holdings PLC lifted its stake in NexGen Energy by 22.8% in the fourth quarter. Hsbc Holdings PLC now owns 18,729 shares of the company's stock worth $124,000 after acquiring an additional 3,473 shares during the last quarter. Finally, Invesco Ltd. increased its stake in NexGen Energy by 6.7% in the fourth quarter. Invesco Ltd. now owns 26,399 shares of the company's stock valued at $174,000 after purchasing an additional 1,656 shares during the last quarter. Hedge funds and other institutional investors own 42.43% of the company's stock.

NexGen Energy Stock Up 0.3%

NYSE:NXE traded up $0.02 during midday trading on Monday, reaching $7.12. The stock had a trading volume of 7,789,624 shares, compared to its average volume of 6,588,090. The firm has a fifty day simple moving average of $6.84 and a two-hundred day simple moving average of $5.87. NexGen Energy has a 12-month low of $3.91 and a 12-month high of $8.96. The stock has a market cap of $4.07 billion, a P/E ratio of -28.48 and a beta of 1.45.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.08). On average, sell-side analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. TD Securities reiterated a "buy" rating on shares of NexGen Energy in a research note on Friday, August 8th. Desjardins assumed coverage on shares of NexGen Energy in a research note on Tuesday, June 10th. They issued a "buy" rating on the stock. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average 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.