Gabelli started coverage on shares of Nextdecade (NASDAQ:NEXT) in a research report report published on Monday morning, The Fly reports. The brokerage issued a buy rating on the stock.

A number of other research firms have also commented on NEXT. Wolfe Research raised shares of Nextdecade from an underperform rating to a market perform rating in a report on Friday, April 5th. Zacks Investment Research cut shares of Nextdecade from a hold rating to a sell rating in a research report on Saturday, April 6th. Finally, Scotiabank began coverage on shares of Nextdecade in a research report on Friday, February 8th. They set a sector perform rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $6.90.

NEXT opened at $5.88 on Monday. Nextdecade has a 52 week low of $3.15 and a 52 week high of $7.53.

Several hedge funds and other institutional investors have recently made changes to their positions in NEXT. California Public Employees Retirement System bought a new position in shares of Nextdecade during the first quarter worth $896,000. Perella Weinberg Partners Capital Management LP boosted its position in shares of Nextdecade by 10.6% during the fourth quarter. Perella Weinberg Partners Capital Management LP now owns 1,527,369 shares of the company’s stock worth $8,248,000 after purchasing an additional 146,009 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Nextdecade by 503.6% during the first quarter. Parametric Portfolio Associates LLC now owns 144,217 shares of the company’s stock worth $796,000 after purchasing an additional 120,323 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Nextdecade by 126.4% during the first quarter. Renaissance Technologies LLC now owns 24,900 shares of the company’s stock worth $137,000 after purchasing an additional 13,900 shares in the last quarter. Finally, Rhumbline Advisers bought a new position in shares of Nextdecade during the fourth quarter worth $70,000. 86.44% of the stock is currently owned by institutional investors.

Nextdecade Company Profile

NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development of LNG export projects and associated pipelines in the State of Texas. It intends to develop a portfolio of LNG projects, including Rio Grande LNG export facility, which has a liquefaction capacity of 27 million tons of LNG per annum located in Brownsville, Texas; and the 137-mile Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.

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Analyst Recommendations for Nextdecade (NASDAQ:NEXT)

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