Stifel Financial Corp boosted its stake in shares of New Fortress Energy Inc. (NASDAQ:NFE - Free Report) by 185.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 310,356 shares of the company's stock after buying an additional 201,460 shares during the period. Stifel Financial Corp owned approximately 0.12% of New Fortress Energy worth $4,693,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of New Fortress Energy by 2,156.0% during the 4th quarter. Allworth Financial LP now owns 2,053 shares of the company's stock valued at $32,000 after purchasing an additional 1,962 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of New Fortress Energy by 148.5% in the fourth quarter. GAMMA Investing LLC now owns 3,966 shares of the company's stock worth $60,000 after buying an additional 2,370 shares during the last quarter. US Bancorp DE lifted its stake in shares of 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 period. KBC Group NV grew its holdings in shares of New Fortress Energy by 121.1% during the fourth quarter. KBC Group NV now owns 7,596 shares of the company's stock valued at $115,000 after buying an additional 4,160 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of New Fortress Energy in the 4th quarter valued at $118,000. 58.61% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on NFE shares. Deutsche Bank Aktiengesellschaft set a $8.00 price objective on New Fortress Energy in a report on Wednesday, March 12th. Morgan Stanley cut their price objective on shares of New Fortress Energy from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 4th. Citigroup decreased their target price 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. Finally, Stifel Nicolaus cut their price target on 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $13.00.
Get Our Latest Analysis on NFE
Insider Activity at New Fortress Energy
In other news, CFO Christopher S. Guinta acquired 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $8.57 per share, for a total transaction of $42,850.00. Following the acquisition, the chief financial officer now owns 206,653 shares in the company, valued at approximately $1,771,016.21. This represents a 2.48 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 37.10% of the stock is owned by corporate insiders.
New Fortress Energy Price Performance
Shares of New Fortress Energy stock traded up $0.40 during trading hours on Friday, reaching $6.08. The stock had a trading volume of 5,856,178 shares, compared to its average volume of 4,980,065. The stock's 50 day moving average is $7.80 and its 200 day moving average is $10.59. The company has a current ratio of 0.38, a quick ratio of 0.35 and a debt-to-equity ratio of 4.06. New Fortress Energy Inc. has a twelve month low of $4.72 and a twelve month high of $29.11. The firm has a market capitalization of $1.66 billion, a PE ratio of 6.68 and a beta of 1.52.
New Fortress Energy (NASDAQ:NFE - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.06 by $0.07. The company had revenue of $679.00 million for the quarter, compared to analyst estimates of $613.24 million. New Fortress Energy had a return on equity of 15.60% and a net margin of 7.84%. Equities analysts expect that New Fortress Energy Inc. will post 0.36 earnings per share for the current fiscal year.
New Fortress Energy Company Profile
(
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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