Legal & General Group Plc Lowers Holdings in NexGen Energy Ltd. (NYSE:NXE)

Legal & General Group Plc decreased its position in NexGen Energy Ltd. (NYSE:NXE) by 12.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 548,553 shares of the company’s stock after selling 81,205 shares during the period. Legal & General Group Plc owned approximately 0.10% of NexGen Energy worth $3,616,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of NexGen Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 20,436,513 shares of the company’s stock valued at $134,779,000 after buying an additional 298,106 shares during the last quarter. Van ECK Associates Corp boosted its stake in NexGen Energy by 79.7% during the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock valued at $55,971,000 after purchasing an additional 3,762,756 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NexGen Energy by 222.6% in the 4th quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company’s stock worth $41,882,000 after purchasing an additional 4,378,933 shares in the last quarter. Azarias Capital Management L.P. raised its stake in shares of NexGen Energy by 15.3% in the fourth quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company’s stock worth $13,455,000 after purchasing an additional 271,153 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of NexGen Energy by 12.6% in the fourth quarter. Bank of Montreal Can now owns 2,034,350 shares of the company’s stock worth $13,399,000 after purchasing an additional 227,159 shares during the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NXE shares. Stifel Canada upgraded NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th. Raymond James restated an “outperform” rating on shares of NexGen Energy in a research report on Friday, April 4th. Finally, Stifel Nicolaus began coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They issued a “buy” rating for the company. Three analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

NexGen Energy Stock Up 2.9 %

NYSE NXE opened at $4.61 on Wednesday. The company has a 50-day moving average price of $4.89 and a 200-day moving average price of $6.48. NexGen Energy Ltd. has a 52 week low of $3.91 and a 52 week high of $8.96. The firm has a market capitalization of $2.62 billion, a P/E ratio of 30.74 and a beta of 2.02.

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.