Trek Financial LLC Increases Holdings in NexGen Energy (NYSE:NXE)

Trek Financial LLC grew its holdings in NexGen Energy (NYSE:NXE - Free Report) by 178.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,043,112 shares of the company's stock after purchasing an additional 669,041 shares during the period. Trek Financial LLC owned approximately 0.18% of NexGen Energy worth $4,684,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its stake in NexGen Energy by 6.7% during the fourth quarter. Invesco Ltd. now owns 26,399 shares of the company's stock worth $174,000 after purchasing an additional 1,656 shares during the period. Cetera Investment Advisers grew its holdings 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 valued at $690,000 after buying an additional 2,648 shares during the period. Hsbc Holdings PLC grew its holdings 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 valued at $124,000 after buying an additional 3,473 shares during the period. PNC Financial Services Group Inc. lifted its position in NexGen Energy by 284.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock valued at $33,000 after acquiring an additional 3,700 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in NexGen Energy by 11.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,726 shares of the company's stock valued at $178,000 after acquiring an additional 4,075 shares in the last quarter. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Price Performance

NXE stock traded down $0.20 during midday trading on Tuesday, reaching $6.60. The company had a trading volume of 8,898,644 shares, compared to its average volume of 7,717,971. The company has a market capitalization of $3.77 billion, a P/E ratio of -41.25 and a beta of 1.55. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $8.96. The firm has a 50-day moving average price of $6.19 and a 200-day moving average price of $5.87.

NexGen Energy (NYSE:NXE - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). On average, equities analysts predict that NexGen Energy will post -0.05 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NXE. Desjardins began coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They issued a "buy" rating on the stock. Stifel Nicolaus assumed coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They issued a "buy" rating on the stock. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Raymond James Financial reissued an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Four research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.