NexGen Energy $NXE Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its stake in NexGen Energy (NYSE:NXE) by 183.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,588 shares of the company’s stock after buying an additional 71,618 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in NexGen Energy were worth $1,017,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. TABR Capital Management LLC acquired a new position in NexGen Energy during the 4th quarter worth approximately $101,000. Confluence Investment Management LLC grew its position in NexGen Energy by 16.2% in the fourth quarter. Confluence Investment Management LLC now owns 90,138 shares of the company’s stock valued at $829,000 after acquiring an additional 12,588 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in NexGen Energy by 71.1% in the third quarter. Swiss Life Asset Management Ltd now owns 24,528 shares of the company’s stock valued at $220,000 after acquiring an additional 10,194 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of NexGen Energy by 76.5% during the third quarter. Advisory Services Network LLC now owns 29,381 shares of the company’s stock valued at $263,000 after purchasing an additional 12,731 shares during the period. Finally, Hancock Prospecting Pty Ltd lifted its position in shares of NexGen Energy by 43.5% during the third quarter. Hancock Prospecting Pty Ltd now owns 8,250,000 shares of the company’s stock worth $73,842,000 after purchasing an additional 2,500,000 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on NXE shares. UBS Group began coverage on shares of NexGen Energy in a research note on Thursday, March 5th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of NexGen Energy in a report on Thursday, January 22nd. Finally, Raymond James Financial reissued an “outperform” rating on shares of NexGen Energy in a research report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

NexGen Energy Stock Up 1.0%

Shares of NXE opened at $11.72 on Friday. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of -30.83 and a beta of 1.44. The business’s 50 day moving average is $12.08 and its two-hundred day moving average is $10.22. NexGen Energy has a 52-week low of $3.91 and a 52-week high of $13.96.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). On average, equities analysts expect that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

About NexGen Energy

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.