NextDecade Co. (NASDAQ:NEXT) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of NextDecade Co. (NASDAQ:NEXT) by 49.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,619 shares of the company’s stock after purchasing an additional 5,133 shares during the quarter. Principal Financial Group Inc.’s holdings in NextDecade were worth $124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NEXT. Amalgamated Bank raised its position in shares of NextDecade by 138.1% in the fourth quarter. Amalgamated Bank now owns 11,187 shares of the company’s stock valued at $53,000 after buying an additional 6,489 shares during the last quarter. Banque Pictet & Cie SA bought a new position in NextDecade during the 2nd quarter valued at $108,000. Carlton Hofferkamp & Jenks Wealth Management LLC bought a new position in NextDecade during the 1st quarter worth approximately $87,000. Price T Rowe Associates Inc. MD lifted its position in shares of NextDecade by 12.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,511 shares of the company’s stock worth $128,000 after buying an additional 2,458 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in NextDecade in the fourth quarter worth $153,000. Institutional investors and hedge funds own 66.74% of the company’s stock.

Analysts Set New Price Targets

Separately, TD Cowen upped their price target on shares of NextDecade from $7.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, June 6th.

Insiders Place Their Bets

In related news, major shareholder Hgc Next Inv Llc purchased 11,690,909 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average price of $7.50 per share, with a total value of $87,681,817.50. Following the purchase, the insider now directly owns 17,536,369 shares in the company, valued at $131,522,767.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NextDecade news, major shareholder Hgc Next Inv Llc purchased 11,690,909 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average cost of $7.50 per share, with a total value of $87,681,817.50. Following the completion of the acquisition, the insider now directly owns 17,536,369 shares of the company’s stock, valued at approximately $131,522,767.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director York Capital Management Global sold 35,072,737 shares of NextDecade stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $7.50, for a total value of $263,045,527.50. Following the completion of the sale, the director now directly owns 4,264,298 shares of the company’s stock, valued at $31,982,235. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

NextDecade Stock Up 6.3 %

Shares of NASDAQ:NEXT opened at $4.88 on Monday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 2.22. NextDecade Co. has a 1 year low of $4.01 and a 1 year high of $8.52. The business has a fifty day simple moving average of $6.13 and a 200 day simple moving average of $6.42.

NextDecade (NASDAQ:NEXT) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.28). On average, equities research analysts expect that NextDecade Co. will post -1.23 EPS for the current fiscal year.

NextDecade Profile

NextDecade Corp. is a development company.