NexGen Energy Ltd. (NYSE:NXE) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,305 shares of the company’s stock after buying an additional 8,172 shares during the quarter. Pictet Asset Management Holding SA’s holdings in NexGen Energy were worth $641,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its holdings in NexGen Energy by 10.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock worth $101,000 after buying an additional 1,500 shares during the last quarter. Tcfg Wealth Management LLC lifted its stake in NexGen Energy by 6.3% during the fourth quarter. Tcfg Wealth Management LLC now owns 62,500 shares of the company’s stock worth $412,000 after purchasing an additional 3,700 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in NexGen Energy by 284.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock worth $33,000 after purchasing an additional 3,700 shares during the period. Rye Brook Capital LLC increased its stake in NexGen Energy by 0.9% during the fourth quarter. Rye Brook Capital LLC now owns 701,000 shares of the company’s stock valued at $4,627,000 after purchasing an additional 6,000 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NexGen Energy by 2.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 451,358 shares of the company’s stock worth $2,947,000 after purchasing an additional 10,545 shares during the period. Institutional investors own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

NXE has been the subject of several research reports. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th. Stifel Canada upgraded NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Raymond James reiterated an “outperform” rating on shares of NexGen Energy in a research report on Friday. Finally, Stifel Nicolaus assumed coverage on NexGen Energy in a research report on Wednesday, March 12th. They set a “buy” rating for the company. Three research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

NexGen Energy Stock Down 1.3 %

NexGen Energy stock opened at $4.05 on Wednesday. The firm has a 50-day moving average price of $5.31 and a two-hundred day moving average price of $6.63. NexGen Energy Ltd. has a 52-week low of $3.91 and a 52-week high of $8.96. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 26.97 and a beta of 2.02.

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.