Legal & General Group Plc Has $4.68 Million Stock Position in NexGen Energy $NXE

Legal & General Group Plc boosted its position in NexGen Energy (NYSE:NXE) by 8.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 674,866 shares of the company’s stock after buying an additional 51,381 shares during the quarter. Legal & General Group Plc owned approximately 0.12% of NexGen Energy worth $4,679,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. L1 Capital Pty Ltd boosted its holdings in NexGen Energy by 11.8% during the first quarter. L1 Capital Pty Ltd now owns 30,644,505 shares of the company’s stock valued at $137,372,000 after acquiring an additional 3,226,055 shares during the period. Vanguard Group Inc. increased its stake in shares of NexGen Energy by 2.5% in the first quarter. Vanguard Group Inc. now owns 20,956,792 shares of the company’s stock worth $93,928,000 after purchasing an additional 520,279 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of NexGen Energy by 1.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 7,220,545 shares of the company’s stock worth $32,317,000 after purchasing an additional 98,128 shares during the last quarter. Encompass Capital Advisors LLC lifted its position in shares of NexGen Energy by 249.5% during the 1st quarter. Encompass Capital Advisors LLC now owns 4,153,080 shares of the company’s stock worth $18,635,000 after purchasing an additional 2,964,900 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in NexGen Energy by 15.3% during the 1st quarter. Millennium Management LLC now owns 4,101,588 shares of the company’s stock valued at $18,407,000 after purchasing an additional 543,179 shares during the period. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Trading Up 6.2%

NXE opened at $9.89 on Friday. The stock’s 50 day simple moving average is $8.74 and its 200-day simple moving average is $7.61. The stock has a market cap of $6.47 billion, a PE ratio of -24.12 and a beta of 1.54. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $9.99.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Equities analysts forecast that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NXE has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a research report on Wednesday, October 8th. Zacks Research raised shares of NexGen Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. TD Securities reiterated a “buy” rating on shares of NexGen Energy in a research note on Friday, August 8th. Finally, Raymond James Financial restated an “outperform” rating on shares of NexGen Energy in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.