TD Asset Management Inc Sells 142,209 Shares of NexGen Energy $NXE

TD Asset Management Inc lessened its holdings in NexGen Energy (NYSE:NXE) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,184,421 shares of the company’s stock after selling 142,209 shares during the quarter. TD Asset Management Inc’s holdings in NexGen Energy were worth $29,341,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NXE. New Harbor Financial Group LLC raised its stake in NexGen Energy by 4.3% in the fourth quarter. New Harbor Financial Group LLC now owns 24,500 shares of the company’s stock valued at $225,000 after purchasing an additional 1,000 shares in the last quarter. Legacy Capital Group California Inc. raised its stake in NexGen Energy by 1.3% in the fourth quarter. Legacy Capital Group California Inc. now owns 86,250 shares of the company’s stock valued at $794,000 after purchasing an additional 1,093 shares in the last quarter. Tidal Investments LLC raised its stake in NexGen Energy by 6.9% in the second quarter. Tidal Investments LLC now owns 28,015 shares of the company’s stock valued at $194,000 after purchasing an additional 1,817 shares in the last quarter. Osaic Holdings Inc. raised its stake in NexGen Energy by 5.7% in the second quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock valued at $243,000 after purchasing an additional 1,904 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its stake in NexGen Energy by 4.1% in the second quarter. Evergreen Capital Management LLC now owns 53,935 shares of the company’s stock valued at $374,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Trading Down 9.8%

Shares of NYSE NXE opened at $10.29 on Friday. The company has a market cap of $6.81 billion, a price-to-earnings ratio of -20.99 and a beta of 1.35. NexGen Energy has a 12 month low of $6.20 and a 12 month high of $13.96. The stock has a 50-day moving average price of $11.72 and a two-hundred day moving average price of $11.15.

Wall Street Analyst Weigh In

NXE has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday. UBS Group initiated coverage on NexGen Energy in a research note on Thursday, March 5th. They issued a “buy” rating for the company. Finally, Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Five equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

NexGen Energy Profile

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.