Fort Washington Investment Advisors Inc. OH Increases Position in NextDecade Corporation $NEXT

Fort Washington Investment Advisors Inc. OH lifted its position in shares of NextDecade Corporation (NASDAQ:NEXT) by 21.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 642,182 shares of the company’s stock after buying an additional 112,300 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.24% of NextDecade worth $3,384,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NEXT. Adage Capital Partners GP L.L.C. increased its stake in NextDecade by 520.0% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,550,000 shares of the company’s stock worth $13,810,000 after buying an additional 1,300,000 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of NextDecade in the third quarter valued at about $4,935,000. Tudor Investment Corp ET AL boosted its stake in shares of NextDecade by 262.8% in the third quarter. Tudor Investment Corp ET AL now owns 912,589 shares of the company’s stock worth $6,196,000 after acquiring an additional 661,028 shares during the period. Squarepoint Ops LLC boosted its stake in shares of NextDecade by 425.0% in the third quarter. Squarepoint Ops LLC now owns 790,009 shares of the company’s stock worth $5,364,000 after acquiring an additional 639,534 shares during the period. Finally, Citigroup Inc. grew its position in shares of NextDecade by 1,112.2% during the third quarter. Citigroup Inc. now owns 681,904 shares of the company’s stock worth $4,630,000 after purchasing an additional 625,652 shares in the last quarter. Institutional investors own 66.74% of the company’s stock.

Insider Activity

In other news, Director Pamela K.M. Beall acquired 71,500 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were acquired at an average cost of $7.07 per share, with a total value of $505,505.00. Following the acquisition, the director directly owned 71,500 shares of the company’s stock, valued at approximately $505,505. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on NEXT. Morgan Stanley decreased their target price on NextDecade from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 24th. Capital One Financial started coverage on shares of NextDecade in a report on Friday, February 6th. They set an “overweight” rating and a $7.00 price objective for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextDecade in a research report on Monday, December 29th. Finally, TD Cowen lowered their target price on shares of NextDecade from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.67.

NextDecade Trading Down 0.2%

Shares of NextDecade stock opened at $8.13 on Friday. NextDecade Corporation has a twelve month low of $4.75 and a twelve month high of $12.12. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 3.70. The business has a 50-day moving average price of $5.70 and a 200-day moving average price of $5.91. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -6.95 and a beta of 2.02.

NextDecade (NASDAQ:NEXT) last posted its earnings results on Friday, February 27th. The company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.68) by ($0.20). Equities research analysts anticipate that NextDecade Corporation will post -0.61 EPS for the current fiscal year.

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.