Madison Wealth Partners Inc Invests $127,000 in NexGen Energy Ltd. (NYSE:NXE)

Madison Wealth Partners Inc acquired a new position in shares of NexGen Energy Ltd. (NYSE:NXE) in the 4th quarter, Holdings Channel reports. The fund acquired 19,254 shares of the company’s stock, valued at approximately $127,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position 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 valued at $33,000 after purchasing an additional 3,700 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of NexGen Energy by 122.7% during the third quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock valued at $69,000 after acquiring an additional 5,827 shares in the last quarter. Silver Lake Advisory LLC bought a new position in shares of NexGen Energy during the fourth quarter valued at approximately $73,000. Matauro LLC bought a new position in shares of NexGen Energy during the fourth quarter valued at approximately $84,000. Finally, SevenBridge Financial Group LLC bought a new position in shares of NexGen Energy during the third quarter valued at approximately $87,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NXE. Stifel Nicolaus began coverage on NexGen Energy in a report on Wednesday. They set a “buy” rating for the company. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research note on Thursday, March 6th. Finally, Stifel Canada raised NexGen Energy to a “strong-buy” rating in a research note on Tuesday. Two analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, NexGen Energy has a consensus rating of “Strong Buy”.

NexGen Energy Trading Up 1.4 %

NYSE NXE opened at $4.81 on Thursday. NexGen Energy Ltd. has a 12 month low of $4.44 and a 12 month high of $8.96. The stock has a market cap of $2.73 billion, a P/E ratio of 32.04 and a beta of 1.97. The stock’s fifty day moving average price is $6.23 and its 200-day moving average price is $6.79.

NexGen Energy 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.