7,290,022 Shares in NexGen Energy $NXE Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in shares of NexGen Energy (NYSE:NXE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,290,022 shares of the company’s stock, valued at approximately $68,283,000.

Several other institutional investors have also recently made changes to their positions in NXE. Leonteq Securities AG boosted its holdings in shares of NexGen Energy by 88.2% in the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock valued at $28,000 after buying an additional 1,098 shares during the last quarter. Trifecta Capital Advisors LLC bought a new position in shares of NexGen Energy in the second quarter valued at $46,000. SBI Securities Co. Ltd. increased its holdings in NexGen Energy by 454.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock worth $73,000 after buying an additional 6,528 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in NexGen Energy during the second quarter worth $76,000. Finally, Jump Financial LLC bought a new stake in NexGen Energy during the fourth quarter worth $93,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

NXE has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Finally, Wall Street Zen raised shares of NexGen Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NexGen Energy presently has a consensus rating of “Hold”.

NexGen Energy Trading Up 2.6%

NXE stock opened at $11.21 on Wednesday. The firm has a market capitalization of $7.51 billion, a PE ratio of -28.03 and a beta of 1.40. NexGen Energy has a 1-year low of $7.12 and a 1-year high of $13.96. The business’s 50 day simple moving average is $9.82 and its 200 day simple moving average is $11.05.

About NexGen Energy

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.