Walleye Trading LLC Has $360,000 Stock Holdings in New Fortress Energy Inc. (NASDAQ:NFE)

Walleye Trading LLC decreased its stake in shares of New Fortress Energy Inc. (NASDAQ:NFEGet Rating) by 20.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,097 shares of the company’s stock after selling 2,370 shares during the period. Walleye Trading LLC’s holdings in New Fortress Energy were worth $360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its position in New Fortress Energy by 1.9% during the 1st quarter. HighTower Advisors LLC now owns 15,776 shares of the company’s stock worth $673,000 after buying an additional 300 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in New Fortress Energy by 41.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,084 shares of the company’s stock worth $46,000 after buying an additional 316 shares in the last quarter. Advisory Services Network LLC raised its holdings in New Fortress Energy by 2.9% during the 2nd quarter. Advisory Services Network LLC now owns 12,078 shares of the company’s stock worth $478,000 after purchasing an additional 343 shares during the last quarter. Van ECK Associates Corp raised its holdings in New Fortress Energy by 37.4% during the 2nd quarter. Van ECK Associates Corp now owns 1,312 shares of the company’s stock worth $52,000 after purchasing an additional 357 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in New Fortress Energy by 7.1% during the 1st quarter. Captrust Financial Advisors now owns 7,435 shares of the company’s stock worth $317,000 after purchasing an additional 490 shares during the last quarter. Institutional investors and hedge funds own 67.76% of the company’s stock.

New Fortress Energy Stock Performance

Shares of NFE stock opened at $49.44 on Thursday. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.83 and a quick ratio of 1.72. The stock has a 50-day moving average of $49.88 and a 200-day moving average of $48.06. New Fortress Energy Inc. has a one year low of $19.17 and a one year high of $63.06. The stock has a market cap of $10.23 billion, a PE ratio of 37.17 and a beta of 1.68.

New Fortress Energy (NASDAQ:NFEGet Rating) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.58). New Fortress Energy had a net margin of 11.38% and a return on equity of 33.81%. The business had revenue of $731.93 million during the quarter, compared to analyst estimates of $741.10 million. As a group, sell-side analysts expect that New Fortress Energy Inc. will post 3.86 earnings per share for the current year.

New Fortress Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Investors of record on Wednesday, December 7th will be given a $0.10 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.81%. New Fortress Energy’s dividend payout ratio is presently 30.08%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. TheStreet raised New Fortress Energy from a “c” rating to a “b-” rating in a report on Tuesday, November 8th. Morgan Stanley boosted their price objective on New Fortress Energy from $58.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, September 6th. Barclays boosted their price objective on New Fortress Energy from $48.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday. BTIG Research cut New Fortress Energy from a “buy” rating to a “neutral” rating in a report on Friday, September 9th. Finally, Jefferies Financial Group began coverage on New Fortress Energy in a report on Wednesday, October 19th. They set a “buy” rating and a $65.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, New Fortress Energy currently has an average rating of “Moderate Buy” and an average price target of $62.50.

New Fortress Energy Profile

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New Fortress Energy Inc operates as an integrated gas-to-power 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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Institutional Ownership by Quarter for New Fortress Energy (NASDAQ:NFE)

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