Pinebridge Investments L.P. Increases Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Pinebridge Investments L.P. boosted its stake in NexGen Energy Ltd. (NYSE:NXE) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 671,809 shares of the company’s stock after buying an additional 18,818 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.12% of NexGen Energy worth $4,434,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in shares of NexGen Energy by 284.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock valued at $33,000 after purchasing an additional 3,700 shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of NexGen Energy during the 4th quarter worth approximately $51,000. Mariner LLC purchased a new position in shares of NexGen Energy in the 4th quarter worth approximately $68,000. Silver Lake Advisory LLC bought a new position in shares of NexGen Energy in the fourth quarter valued at approximately $73,000. Finally, Matauro LLC purchased a new stake in shares of NexGen Energy during the fourth quarter valued at approximately $84,000. 42.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NXE shares. Scotiabank reissued 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 report on Tuesday, March 11th. Raymond James restated an “outperform” rating on shares of NexGen Energy in a report on Friday, April 4th. Finally, Stifel Nicolaus started coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, NexGen Energy has a consensus rating of “Strong Buy”.

NexGen Energy Price Performance

Shares of NXE opened at $5.09 on Friday. The firm has a market cap of $2.90 billion, a PE ratio of 33.94 and a beta of 2.02. NexGen Energy Ltd. has a 1 year low of $3.91 and a 1 year high of $8.96. The stock’s fifty day moving average price is $4.83 and its two-hundred day moving average price is $6.44.

NexGen Energy 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.