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

Hartree Partners LP reduced its holdings in NexGen Energy Ltd. (NYSE:NXE) by 66.7% in the fourth quarter, HoldingsChannel reports. The firm 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 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. 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. Segra Capital Management LLC increased its position in shares of NexGen Energy by 19.8% during the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock valued at $76,217,000 after acquiring an additional 1,931,200 shares during the last quarter. Van ECK Associates Corp increased its position in shares of 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. raised its position in NexGen Energy by 222.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company’s stock worth $41,882,000 after acquiring an additional 4,378,933 shares during the period. Finally, Mountaineer Partners Management LLC raised its holdings in shares of 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 purchasing an additional 3,107,214 shares during the period. Institutional investors and hedge funds own 42.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on NXE shares. Stifel Canada upgraded shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Finally, Stifel Nicolaus initiated coverage on NexGen Energy in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NexGen Energy has a consensus rating of “Strong Buy”.

NexGen Energy Price Performance

NXE stock opened at $4.54 on Friday. NexGen Energy Ltd. has a 1 year low of $4.44 and a 1 year high of $8.96. The company has a market cap of $2.58 billion, a P/E ratio of 30.24 and a beta of 1.97. The firm has a 50-day moving average of $5.72 and a 200 day moving average of $6.72.

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.