Nuveen Asset Management LLC Raises Stock Position in NexGen Energy Ltd. (NYSE:NXE)

Nuveen Asset Management LLC raised its stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,747,305 shares of the company's stock after purchasing an additional 82,413 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.54% of NexGen Energy worth $57,659,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its position in NexGen Energy by 10.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock valued at $101,000 after purchasing an additional 1,500 shares during the period. Invesco Ltd. grew its position in shares of NexGen Energy by 6.7% in the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company's stock worth $174,000 after buying an additional 1,656 shares during the period. Cetera Investment Advisers grew its position in shares of NexGen Energy by 2.6% in the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company's stock worth $690,000 after buying an additional 2,648 shares during the period. Hsbc Holdings PLC grew its position in shares of NexGen Energy by 22.8% in the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company's stock worth $124,000 after buying an additional 3,473 shares during the period. Finally, Tcfg Wealth Management LLC grew its position in shares of NexGen Energy by 6.3% in the 4th quarter. Tcfg Wealth Management LLC now owns 62,500 shares of the company's stock worth $412,000 after buying an additional 3,700 shares during the period. 42.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on NXE. Stifel Nicolaus began coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They issued a "buy" rating on the stock. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, Raymond James reaffirmed an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Three investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Strong Buy".

NexGen Energy Price Performance

Shares of NexGen Energy stock opened at $5.46 on Monday. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 36.37 and a beta of 1.50. The firm's 50-day moving average is $4.91 and its 200 day moving average is $6.21. NexGen Energy Ltd. has a 1 year low of $3.91 and a 1 year high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly earnings results 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). On average, equities analysts expect that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal year.

NexGen Energy Company Profile

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.

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