Quantinno Capital Management LP Acquires 117,201 Shares of NextDecade Corporation $NEXT

Quantinno Capital Management LP lifted its holdings in shares of NextDecade Corporation (NASDAQ:NEXT) by 150.3% during the first quarter, HoldingsChannel reports. The firm owned 195,185 shares of the company’s stock after acquiring an additional 117,201 shares during the quarter. Quantinno Capital Management LP’s holdings in NextDecade were worth $1,495,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. grew its position in shares of NextDecade by 1.5% in the 3rd quarter. Alliancebernstein L.P. now owns 122,020 shares of the company’s stock valued at $829,000 after purchasing an additional 1,800 shares during the period. Comerica Bank raised its holdings in NextDecade by 88.0% during the 1st quarter. Comerica Bank now owns 4,060 shares of the company’s stock worth $32,000 after buying an additional 1,900 shares during the period. Inscription Capital LLC lifted its stake in NextDecade by 16.0% in the fourth quarter. Inscription Capital LLC now owns 15,739 shares of the company’s stock valued at $83,000 after buying an additional 2,172 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in NextDecade by 0.3% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 644,417 shares of the company’s stock valued at $4,936,000 after buying an additional 2,235 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of NextDecade by 6.2% in the second quarter. Captrust Financial Advisors now owns 55,444 shares of the company’s stock valued at $494,000 after buying an additional 3,219 shares during the period. Institutional investors own 66.74% of the company’s stock.

Wall Street Analyst Weigh In

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

NextDecade Price Performance

Shares of NASDAQ NEXT opened at $6.78 on Friday. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -4.99 and a beta of 1.55. The business has a 50-day moving average of $7.43 and a 200-day moving average of $7.08. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.37 and a quick ratio of 0.37. NextDecade Corporation has a fifty-two week low of $4.75 and a fifty-two week high of $11.27.

NextDecade (NASDAQ:NEXT) last released its earnings results on Thursday, July 30th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.66) by $0.41. As a group, sell-side analysts predict that NextDecade Corporation will post -2.94 earnings per share for the current fiscal year.

About NextDecade

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.