U.S. Capital Wealth Advisors LLC acquired a new stake in New Fortress Energy LLC (NASDAQ:NFE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 191,254 shares of the company's stock, valued at approximately $1,589,000. U.S. Capital Wealth Advisors LLC owned about 0.07% of New Fortress Energy at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of NFE. US Bancorp DE raised its stake in New Fortress Energy by 31.5% during the fourth quarter. US Bancorp DE now owns 4,696 shares of the company's stock worth $71,000 after buying an additional 1,126 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of New Fortress Energy by 61.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 639,194 shares of the company's stock valued at $9,665,000 after buying an additional 242,459 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in New Fortress Energy by 31.6% during the fourth quarter. Victory Capital Management Inc. now owns 19,317 shares of the company's stock worth $292,000 after purchasing an additional 4,636 shares during the last quarter. Arizona State Retirement System boosted its holdings in New Fortress Energy by 64.7% during the fourth quarter. Arizona State Retirement System now owns 29,170 shares of the company's stock worth $441,000 after purchasing an additional 11,455 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in New Fortress Energy during the fourth quarter worth about $787,000. Institutional investors own 58.61% of the company's stock.
New Fortress Energy Trading Up 6.1%
Shares of NFE opened at $3.80 on Wednesday. The firm has a fifty day simple moving average of $3.59 and a two-hundred day simple moving average of $8.44. New Fortress Energy LLC has a twelve month low of $2.01 and a twelve month high of $26.22. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 4.77. The stock has a market capitalization of $1.04 billion, a P/E ratio of -1.69 and a beta of 1.30.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $8.00 target price on shares of New Fortress Energy in a research note on Wednesday, March 12th. Morgan Stanley set a $4.00 target price on shares of New Fortress Energy and gave the stock an "equal weight" rating in a report on Tuesday, May 27th. Citigroup decreased their price target on shares of New Fortress Energy from $34.00 to $8.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. New Street Research set a $8.50 price target on shares of New Fortress Energy in a report on Monday, June 30th. Finally, BTIG Research lowered shares of New Fortress Energy from a "buy" rating to a "neutral" rating in a report on Thursday, June 26th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, New Fortress Energy currently has a consensus rating of "Hold" and an average target price of $9.75.
View Our Latest Stock Report on New Fortress Energy
About New Fortress Energy
(
Free Report)
New Fortress Energy Inc operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.
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