Nuveen LLC Takes Position in NexGen Energy $NXE

Key Points

• Nuveen LLC has acquired 466,255 shares of NexGen Energy valued at approximately $2,090,000, representing about 0.08% of the company.
• Several large investors made recent changes to their positions in NexGen Energy, with notable increases in stakes from Deutsche Bank AG and HSBC Holdings PLC.
• NexGen Energy is currently trading at $7.88, reflecting a 6.0% increase, with a consensus rating of "Buy" from analysts.

Nuveen LLC purchased a new stake in shares of NexGen Energy (NYSE:NXE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 466,255 shares of the company's stock, valued at approximately $2,090,000. Nuveen LLC owned 0.08% of NexGen Energy as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in NXE. Mariner LLC acquired a new position in NexGen Energy in the 4th quarter valued at about $68,000. Aptus Capital Advisors LLC acquired a new stake in NexGen Energy during the 4th quarter worth approximately $79,000. Hsbc Holdings PLC boosted its position in NexGen Energy by 22.8% in the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company's stock valued at $124,000 after buying an additional 3,473 shares during the period. Deutsche Bank AG grew its stake in shares of NexGen Energy by 34.7% in the first quarter. Deutsche Bank AG now owns 30,968 shares of the company's stock worth $139,000 after acquiring an additional 7,977 shares in the last quarter. Finally, Invesco Ltd. raised its position in NexGen Energy by 6.7% in the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company's stock valued at $174,000 after purchasing an additional 1,656 shares in the last quarter. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Price Performance

NYSE:NXE traded up $0.14 during midday trading on Wednesday, reaching $7.83. 4,027,924 shares of the company traded hands, compared to its average volume of 9,185,723. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of -31.34 and a beta of 1.47. The company has a fifty day moving average price of $6.93 and a 200 day moving average price of $5.93. NexGen Energy has a twelve month low of $3.91 and a twelve month high of $8.96.

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

Analyst Ratings Changes

NXE has been the subject of several research analyst reports. TD Securities restated a "buy" rating on shares of NexGen Energy in a report on Friday, August 8th. Desjardins initiated coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy".

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.