PNC Financial Services Group Inc. Grows Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

PNC Financial Services Group Inc. lifted its position in NexGen Energy Ltd. (NYSE:NXE) by 284.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,000 shares of the company’s stock after buying an additional 3,700 shares during the quarter. PNC Financial Services Group Inc.’s holdings in NexGen Energy were worth $33,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in NexGen Energy by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock valued at $69,000 after purchasing an additional 5,827 shares in the last quarter. Silver Lake Advisory LLC purchased a new stake in shares of NexGen Energy during the fourth quarter valued at $73,000. Matauro LLC purchased a new stake in shares of NexGen Energy during the fourth quarter valued at $84,000. Sanctuary Advisors LLC acquired a new position in shares of NexGen Energy in the 3rd quarter valued at $98,000. Finally, Janney Montgomery Scott LLC raised its stake in NexGen Energy by 10.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock worth $101,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Trading Down 2.3 %

Shares of NYSE NXE opened at $4.83 on Friday. The stock has a market cap of $2.75 billion, a PE ratio of 32.17 and a beta of 1.97. NexGen Energy Ltd. has a 12-month low of $4.44 and a 12-month high of $8.96. The company has a 50-day moving average of $5.77 and a 200 day moving average of $6.71.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Stifel Canada raised NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Stifel Nicolaus assumed coverage on NexGen Energy in a research report on Wednesday, March 12th. They issued a “buy” rating on the stock. Finally, Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a 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 data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

About NexGen Energy

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.