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

Hennion & Walsh Asset Management Inc. increased its position in NexGen Energy (NYSE:NXE) by 183.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,588 shares of the company’s stock after purchasing an additional 71,618 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in NexGen Energy were worth $1,017,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. TABR Capital Management LLC acquired a new stake in NexGen Energy during the fourth quarter valued at approximately $101,000. Confluence Investment Management LLC lifted its holdings in NexGen Energy by 16.2% during the 4th quarter. Confluence Investment Management LLC now owns 90,138 shares of the company’s stock worth $829,000 after buying an additional 12,588 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in shares of NexGen Energy by 71.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 24,528 shares of the company’s stock worth $220,000 after acquiring an additional 10,194 shares in the last quarter. Advisory Services Network LLC grew its position in shares of NexGen Energy by 76.5% in the 3rd quarter. Advisory Services Network LLC now owns 29,381 shares of the company’s stock worth $263,000 after acquiring an additional 12,731 shares in the last quarter. Finally, Hancock Prospecting Pty Ltd increased its holdings in shares of NexGen Energy by 43.5% in the 3rd quarter. Hancock Prospecting Pty Ltd now owns 8,250,000 shares of the company’s stock valued at $73,842,000 after acquiring an additional 2,500,000 shares during the last quarter. 42.43% of the stock is owned by institutional investors.

NexGen Energy Trading Up 1.0%

NYSE:NXE opened at $11.72 on Friday. The firm has a market capitalization of $7.74 billion, a PE ratio of -30.83 and a beta of 1.44. The stock has a 50 day moving average of $12.08 and a 200-day moving average of $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 announced its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). As a group, analysts predict that NexGen Energy will post -0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.