NextDecade Corporation $NEXT Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in NextDecade Corporation (NASDAQ:NEXT) by 56.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 416,955 shares of the company’s stock after acquiring an additional 150,844 shares during the period. Pacer Advisors Inc.’s holdings in NextDecade were worth $3,194,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NEXT. US Bancorp DE grew its position in NextDecade by 22,782.4% in the 3rd quarter. US Bancorp DE now owns 3,890 shares of the company’s stock worth $26,000 after purchasing an additional 3,873 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of NextDecade in the second quarter valued at approximately $36,000. Comerica Bank raised its holdings in shares of NextDecade by 88.0% during the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock valued at $32,000 after buying an additional 1,900 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of NextDecade by 302.8% during the first quarter. EverSource Wealth Advisors LLC now owns 4,205 shares of the company’s stock valued at $32,000 after buying an additional 3,161 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of NextDecade by 153.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,602 shares of the company’s stock valued at $43,000 after buying an additional 3,396 shares during the last quarter. 66.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group initiated coverage on NextDecade in a report on Wednesday, July 15th. They issued a “neutral” rating and a $8.50 price objective for the company. Citigroup assumed coverage on NextDecade in a research note on Wednesday, May 13th. They set a “buy” rating and a $11.00 target price on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of NextDecade in a research report on Friday, July 24th. Finally, Morgan Stanley boosted their price target on NextDecade from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NextDecade currently has an average rating of “Hold” and a consensus price target of $8.10.

NextDecade Stock Up 5.9%

NASDAQ NEXT opened at $6.80 on Friday. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.37 and a quick ratio of 0.37. The company’s 50 day simple moving average is $7.58 and its 200 day simple moving average is $7.02. NextDecade Corporation has a 12 month low of $4.75 and a 12 month high of $11.27. The company has a market capitalization of $1.81 billion, a P/E ratio of -5.00 and a beta of 1.55.

NextDecade (NASDAQ:NEXT) last issued its earnings results on Thursday, July 30th. The company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.41. Equities research analysts expect that NextDecade Corporation will post -2.94 earnings per share for the current fiscal year.

NextDecade Profile

NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.

NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.