Natixis Advisors LLC Raises Stake in NexGen Energy Ltd. (NYSE:NXE)

Natixis Advisors LLC boosted its stake in NexGen Energy Ltd. (NYSE:NXE) by 46.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,772 shares of the company’s stock after purchasing an additional 26,952 shares during the quarter. Natixis Advisors LLC’s holdings in NexGen Energy were worth $559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in shares of NexGen Energy by 792.0% in the third quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock worth $46,434,000 after purchasing an additional 6,317,538 shares during the period. Van ECK Associates Corp grew its position in NexGen Energy by 79.7% during the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock worth $55,971,000 after buying an additional 3,762,756 shares in the last quarter. Mountaineer Partners Management LLC increased its stake in NexGen Energy by 536.6% in the 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock worth $24,071,000 after acquiring an additional 3,107,214 shares during the last quarter. Segra Capital Management LLC increased its stake in NexGen Energy by 19.8% in the 3rd quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock worth $76,217,000 after acquiring an additional 1,931,200 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of NexGen Energy by 954.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company’s stock valued at $12,385,000 after acquiring an additional 1,698,649 shares in the last quarter. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Analyst Upgrades and Downgrades

NXE has been the topic of several research analyst reports. Stifel Nicolaus began coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They issued a “buy” rating on the stock. Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Finally, Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

NexGen Energy Price Performance

NYSE:NXE opened at $4.83 on Friday. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 32.17 and a beta of 1.97. The business has a 50 day moving average of $5.77 and a 200 day moving average of $6.71. NexGen Energy Ltd. has a 1-year low of $4.44 and a 1-year high of $8.96.

NexGen Energy 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.