Stifel Financial Corp boosted its position in New Fortress Energy Inc. (NASDAQ:NFE - Free Report) by 185.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 310,356 shares of the company's stock after acquiring an additional 201,460 shares during the period. Stifel Financial Corp owned about 0.12% of New Fortress Energy worth $4,693,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in New Fortress Energy by 2,156.0% in the fourth quarter. Allworth Financial LP now owns 2,053 shares of the company's stock valued at $32,000 after buying an additional 1,962 shares during the period. GAMMA Investing LLC lifted its holdings in shares of New Fortress Energy by 148.5% during the 4th quarter. GAMMA Investing LLC now owns 3,966 shares of the company's stock valued at $60,000 after acquiring an additional 2,370 shares in the last quarter. US Bancorp DE boosted its position in New Fortress Energy by 31.5% during the 4th quarter. US Bancorp DE now owns 4,696 shares of the company's stock worth $71,000 after purchasing an additional 1,126 shares during the period. KBC Group NV increased its holdings in New Fortress Energy by 121.1% in the 4th quarter. KBC Group NV now owns 7,596 shares of the company's stock valued at $115,000 after purchasing an additional 4,160 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in New Fortress Energy in the fourth quarter valued at about $118,000. 58.61% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on NFE shares. Morgan Stanley lowered their target price on New Fortress Energy from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 4th. Stifel Nicolaus reduced their target price on shares of New Fortress Energy from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft set a $8.00 price target on shares of New Fortress Energy in a research note on Wednesday, March 12th. Finally, Citigroup decreased their price objective on shares of New Fortress Energy from $34.00 to $8.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, New Fortress Energy presently has an average rating of "Moderate Buy" and an average target price of $13.00.
Read Our Latest Stock Report on New Fortress Energy
Insider Activity at New Fortress Energy
In other New Fortress Energy news, CFO Christopher S. Guinta bought 5,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $8.57 per share, with a total value of $42,850.00. Following the completion of the acquisition, the chief financial officer now directly owns 206,653 shares of the company's stock, valued at approximately $1,771,016.21. The trade was a 2.48 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 37.10% of the company's stock.
New Fortress Energy Stock Up 1.2 %
NFE traded up $0.07 during trading on Tuesday, hitting $5.61. The company had a trading volume of 822,665 shares, compared to its average volume of 4,959,361. The business has a 50-day moving average of $7.71 and a 200-day moving average of $10.58. The company has a market cap of $1.54 billion, a PE ratio of 6.17 and a beta of 1.45. New Fortress Energy Inc. has a 1-year low of $4.72 and a 1-year high of $29.11. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.38 and a quick ratio of 0.35.
New Fortress Energy (NASDAQ:NFE - Get Free Report) last posted its quarterly earnings results on Monday, March 3rd. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.07. New Fortress Energy had a return on equity of 15.60% and a net margin of 7.84%. The business had revenue of $679.00 million during the quarter, compared to the consensus estimate of $613.24 million. As a group, analysts forecast that New Fortress Energy Inc. will post 0.36 earnings per share for the current year.
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.
See Also
Before you consider New Fortress Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New Fortress Energy wasn't on the list.
While New Fortress Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
