Gradient Investments LLC Takes Position in Nextdecade Corp (NASDAQ:NEXT)
Gradient Investments LLC acquired a new stake in Nextdecade Corp (NASDAQ:NEXT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,029 shares of the company’s stock, valued at approximately $63,000.
Separately, Rhumbline Advisers bought a new stake in shares of Nextdecade in the fourth quarter worth about $70,000. Institutional investors and hedge funds own 85.49% of the company’s stock.
Shares of NASDAQ NEXT opened at $5.01 on Friday. The stock’s 50 day moving average is $5.86. Nextdecade Corp has a 1-year low of $3.15 and a 1-year high of $6.86.
Several equities research analysts have recently issued reports on NEXT shares. Gabelli cut Weatherford International from a “buy” rating to a “sell” rating in a report on Monday, May 13th. Zacks Investment Research raised First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, June 5th. Finally, Wolfe Research raised Nextdecade from an “underperform” rating to a “market perform” rating in a report on Friday, April 5th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Nextdecade presently has a consensus rating of “Hold” and an average target price of $6.90.
NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development of LNG export projects and associated pipelines in the State of Texas. It intends to develop a portfolio of LNG projects, including Rio Grande LNG export facility, which has a liquefaction capacity of 27 million tons of LNG per annum located in Brownsville, Texas; and the 137-mile Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.
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