Eagle Global Advisors LLC Purchases 16,100 Shares of NexGen Energy (NYSE:NXE)

Eagle Global Advisors LLC raised its position in shares of NexGen Energy (NYSE:NXE) by 41.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,000 shares of the company’s stock after acquiring an additional 16,100 shares during the period. Eagle Global Advisors LLC’s holdings in NexGen Energy were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NXE. Geode Capital Management LLC boosted its holdings in shares of NexGen Energy by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 259,697 shares of the company’s stock worth $1,731,000 after acquiring an additional 11,219 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of NexGen Energy by 2.8% during the fourth quarter. Wells Fargo & Company MN now owns 238,628 shares of the company’s stock worth $1,573,000 after acquiring an additional 6,523 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of NexGen Energy by 32.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 123,639 shares of the company’s stock worth $816,000 after acquiring an additional 30,527 shares during the period. Invesco Ltd. boosted its holdings in shares of NexGen Energy by 6.7% during the fourth quarter. Invesco Ltd. now owns 26,399 shares of the company’s stock worth $174,000 after acquiring an additional 1,656 shares during the period. Finally, Bank of Nova Scotia bought a new stake in shares of NexGen Energy during the fourth quarter worth approximately $137,000. Institutional investors own 42.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NXE. Desjardins began coverage on NexGen Energy in a research note on Tuesday, June 10th. They issued a “buy” rating for the company. TD Securities reiterated a “buy” rating on shares of NexGen Energy in a research note on Friday. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, NexGen Energy currently has a consensus rating of “Buy”.

NexGen Energy Trading Down 0.7%

Shares of NXE stock opened at $6.84 on Tuesday. The stock has a market cap of $3.90 billion, a P/E ratio of -27.34 and a beta of 1.45. The stock has a 50 day simple moving average of $6.78 and a 200 day simple moving average of $5.85. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $8.96.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.08). Analysts forecast that NexGen Energy will post -0.05 EPS for the current year.

NexGen Energy Company 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.