BlackRock Discloses 10.9% Stake in NextDecade Corp.

Ticker: NEXT · Form: SC 13G · Filed: 2024-01-29T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, passive-investment, energy-sector

TL;DR

**BlackRock just revealed a 10.9% stake in NextDecade, a big institutional endorsement.**

AI Summary

BlackRock Inc., a massive investment management firm, reported on January 29, 2024, that it holds a significant stake in NextDecade Corp. As of December 31, 2023, BlackRock beneficially owned 10,064,260 shares of NextDecade's Common Stock, representing 10.9% of the company. This matters to investors because it signals that a major institutional investor sees value in NextDecade, potentially boosting confidence and attracting other investors to the stock.

Why It Matters

A substantial investment by a firm like BlackRock can be seen as a vote of confidence, potentially stabilizing the stock price and attracting further institutional interest.

Risk Assessment

Risk Level: low — This filing indicates a large, passive institutional investment, which generally reduces volatility and signals stability.

Analyst Insight

A smart investor would view BlackRock's 10.9% stake as a positive signal, potentially indicating long-term value, and might consider further research into NextDecade's fundamentals and future prospects.

Key Numbers

10,064,260 — Shares Owned (Total shares of NextDecade Corp. common stock beneficially owned by BlackRock Inc. as of December 31, 2023.)
10.9% — Ownership Percentage (The percentage of NextDecade Corp.'s common stock that BlackRock Inc. beneficially owns.)

Key Players & Entities

BlackRock Inc. (company) — filer and institutional investor
NextDecade Corp. (company) — subject company, natural gas transmission & distribution
10,064,260 (dollar_amount) — shares beneficially owned by BlackRock
10.9% (dollar_amount) — percentage of NextDecade's common stock owned by BlackRock
December 31, 2023 (date) — date of event requiring the filing
January 29, 2024 (date) — filing date

Forward-Looking Statements

NextDecade Corp. stock may experience increased investor confidence due to BlackRock's significant stake. (NextDecade Corp.) — medium confidence, target: Q2 2024
Other institutional investors might initiate or increase their positions in NextDecade Corp. following BlackRock's disclosure. (NextDecade Corp.) — low confidence, target: Q3 2024

FAQ

Who filed this SC 13G statement?

This SC 13G statement was filed by BlackRock Inc., a major investment management company, as indicated in the 'FILED BY' section of the filing.

What company is the subject of this filing?

The subject company of this filing is NextDecade Corp., which operates in natural gas transmission & distribution, as stated under 'SUBJECT COMPANY' and 'Name of Issuer'.

What was the date of the event that triggered this filing?

The event that required the filing of this statement occurred on December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement'.

How many shares of NextDecade Corp. Common Stock does BlackRock Inc. beneficially own?

BlackRock Inc. beneficially owns 10,064,260 shares of NextDecade Corp. Common Stock, as detailed in the summary of beneficial ownership.

What percentage of NextDecade Corp.'s Common Stock does BlackRock Inc. own?

BlackRock Inc. beneficially owns 10.9% of NextDecade Corp.'s Common Stock, as reported in the filing.

From the Filing

0001086364-24-005092.txt : 20240129 0001086364-24-005092.hdr.sgml : 20240129 20240129152627 ACCESSION NUMBER: 0001086364-24-005092 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NextDecade Corp. CENTRAL INDEX KEY: 0001612720 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 465723951 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-88779 FILM NUMBER: 24573152 BUSINESS ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3900 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135741880 MAIL ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3900 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: Harmony Merger Corp. DATE OF NAME CHANGE: 20140703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us65342k1051_012924.txt us65342k1051_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) NextDecade Corp. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 65342K105 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 65342K105 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 16588422 (6) Shared voting power 0 (7) Sole dispositive power 16666519 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 16666519 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.5% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- NextDecade Corp. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1000 LOUISIANA STREETSUITE 3900 HOUSTON TX 77002 Item 2. 2(a) Name of person filing: ------------------------------------------------