New Fortress Energy (NFE) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Fortress Energy in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NFE shares.
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7 Wall Street analysts have issued 12 month price targets for New Fortress Energy's shares. Their NFE share price targets range from $31.00 to $60.00. On average, they predict the company's stock price to reach $43.71 in the next twelve months. This suggests a possible upside of 15.4% from the stock's current price.
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New Fortress Energy's stock was trading at $42.42 at the start of the year. Since then, NFE stock has decreased by 10.7% and is now trading at $37.88.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
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New Fortress Energy Inc. (NASDAQ:NFE) released its quarterly earnings results on Wednesday, November, 8th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.11. The company had revenue of $514.50 million for the quarter, compared to the consensus estimate of $499.57 million. New Fortress Energy had a net margin of 17.93% and a trailing twelve-month return on equity of 36.59%. New Fortress Energy's revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS.

New Fortress Energy declared a quarterly dividend on Wednesday, November 8th. Investors of record on Wednesday, December 13th will be paid a dividend of $0.10 per share on Wednesday, December 27th. This represents a $0.40 annualized dividend and a yield of 1.06%. The ex-dividend date is Tuesday, December 12th.
Read our dividend analysis for NFE.

New Fortress Energy (NASDAQ:NFE) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.04%. The dividend payout ratio is 21.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NFE will have a dividend payout ratio of 7.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NFE.

ETFs with the largest weight of New Fortress Energy (NASDAQ:NFE) stock in their portfolio include Ecofin US Renewables Infrastructure (RNEW), Pacer American Energy Independence ETF (USAI), Clough Select Equity ETF (CBSE), Clough Long/Short Equity ETF (CBLS), InfraCap Equity Income Fund ETF (ICAP), InfraCap MLP ETF (AMZA), KraneShares Global Carbon Transformation ETF (KGHG) and First Trust Energy AlphaDEX Fund (FXN).

2 employees have rated New Fortress Energy Chief Executive Officer Wesley Edens on Glassdoor.com. Wesley Edens has an approval rating of 100% among the company's employees. This puts Wesley Edens in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other New Fortress Energy investors own include Coty (COTY), Designer Brands (DBI), Energy Transfer (ET), Kohl's (KSS), Pfizer (PFE), AT&T (T), Tapestry (TPR), Tesla (TSLA), WW International (WW) and AbbVie (ABBV).

(NFE) raised $300 million in an initial public offering on Thursday, January 31st 2019. The company issued 20,000,000 shares at a price of $15.00 per share. Morgan Stanley, Barclays, Citigroup and Credit Suisse served as the underwriters for the IPO and Evercore ISI, Allen & Company, JMP Securities and Stifel were co-managers.

New Fortress Energy's stock is owned by a variety of retail and institutional investors. Top institutional investors include William Blair Investment Management LLC (3.06%), Federated Hermes Inc. (2.15%), FMR LLC (1.68%), Invesco Ltd. (1.67%), Morgan Stanley (0.84%) and Kailix Advisors LLC (0.59%). Insiders that own company stock include Desmond Iain Catterall, Energy Transition Holdings Llc, John J Mack, Katherine Wanner, Larry M Hutchison, Nfe Smrs Holdings Llc, Robert A Katz and Timothy W Jay.
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Shares of NFE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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