378,254 Shares in NextDecade Corporation $NEXT Acquired by Empowered Funds LLC

Empowered Funds LLC bought a new position in NextDecade Corporation (NASDAQ:NEXT) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 378,254 shares of the company’s stock, valued at approximately $2,852,000.

Several other large investors have also recently bought and sold shares of the company. US Bancorp DE increased its holdings in shares of NextDecade by 22,782.4% in the third quarter. US Bancorp DE now owns 3,890 shares of the company’s stock worth $26,000 after purchasing an additional 3,873 shares during the period. Raymond James Financial Inc. bought a new stake in NextDecade during the second quarter valued at $36,000. Comerica Bank grew its position in NextDecade by 88.0% during the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock worth $32,000 after buying an additional 1,900 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in NextDecade by 302.8% during the first quarter. EverSource Wealth Advisors LLC now owns 4,205 shares of the company’s stock worth $32,000 after buying an additional 3,161 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in NextDecade by 153.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,602 shares of the company’s stock worth $43,000 after acquiring an additional 3,396 shares during the last quarter. 66.74% of the stock is owned by institutional investors.

NextDecade Stock Performance

NextDecade stock opened at $7.44 on Thursday. NextDecade Corporation has a fifty-two week low of $4.75 and a fifty-two week high of $11.27. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market cap of $1.98 billion, a P/E ratio of -5.47 and a beta of 1.57. The firm’s fifty day moving average price is $7.26 and its 200-day moving average price is $7.28.

NextDecade (NASDAQ:NEXT) last announced its earnings results on Thursday, July 30th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.66) by $0.41. On average, equities research analysts expect that NextDecade Corporation will post -2.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NEXT. Citigroup began coverage on NextDecade in a report on Wednesday, May 13th. They issued a “buy” rating and a $11.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of NextDecade in a report on Friday, July 24th. Finally, The Goldman Sachs Group began coverage on shares of NextDecade in a research report on Wednesday, July 15th. They issued a “neutral” rating and a $8.50 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.10.

About NextDecade

NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.

NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.