Hartree Partners LP Sells 156,732 Shares of NexGen Energy Ltd. (NYSE:NXE)

Hartree Partners LP cut its position in NexGen Energy Ltd. (NYSE:NXE) by 66.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,268 shares of the company’s stock after selling 156,732 shares during the period. Hartree Partners LP’s holdings in NexGen Energy were worth $517,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NXE. Vanguard Group Inc. raised its holdings in shares of NexGen Energy by 1.5% in 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. Segra Capital Management LLC grew its holdings in NexGen Energy by 19.8% during 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 period. Van ECK Associates Corp increased its holdings in NexGen Energy by 79.7% in the fourth 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 stake 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 valued at $41,882,000 after acquiring an additional 4,378,933 shares during the last quarter. Finally, Mountaineer Partners Management LLC increased its stake in NexGen Energy by 536.6% in the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock valued at $24,071,000 after purchasing an additional 3,107,214 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Trading Down 5.9 %

NXE stock opened at $4.54 on Friday. The firm has a market capitalization of $2.58 billion, a PE ratio of 30.24 and a beta of 1.97. The business’s 50 day simple moving average is $5.72 and its 200 day simple moving average is $6.72. NexGen Energy Ltd. has a 1-year low of $4.44 and a 1-year high of $8.96.

Wall Street Analyst Weigh In

NXE has been the subject of several recent analyst reports. Stifel Canada upgraded NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. 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. Finally, Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

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.