Raymond James Financial Services Advisors Inc. Acquires New Position in New Fortress Energy Inc. (NASDAQ:NFE)

Raymond James Financial Services Advisors Inc. acquired a new stake in shares of New Fortress Energy Inc. (NASDAQ:NFE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,573 shares of the company’s stock, valued at approximately $210,000.

Several other large investors also recently bought and sold shares of the business. CWM LLC boosted its holdings in New Fortress Energy by 57.1% in the 3rd quarter. CWM LLC now owns 2,129 shares of the company’s stock valued at $70,000 after purchasing an additional 774 shares during the last quarter. IFP Advisors Inc acquired a new position in New Fortress Energy in the 3rd quarter valued at about $92,000. Van ECK Associates Corp boosted its holdings in New Fortress Energy by 15.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,623 shares of the company’s stock valued at $119,000 after purchasing an additional 482 shares during the last quarter. ORG Partners LLC boosted its holdings in New Fortress Energy by 14.3% in the 3rd quarter. ORG Partners LLC now owns 4,206 shares of the company’s stock valued at $138,000 after purchasing an additional 526 shares during the last quarter. Finally, Castleview Partners LLC boosted its holdings in New Fortress Energy by 39.6% in the 3rd quarter. Castleview Partners LLC now owns 5,148 shares of the company’s stock valued at $169,000 after purchasing an additional 1,459 shares during the last quarter. Hedge funds and other institutional investors own 58.61% of the company’s stock.

Analyst Ratings Changes

NFE has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of New Fortress Energy from $49.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $35.00 price objective (down from $40.00) on shares of New Fortress Energy in a report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, New Fortress Energy currently has a consensus rating of “Hold” and an average price target of $39.29.

New Fortress Energy Trading Down 1.7 %

Shares of NASDAQ:NFE opened at $27.60 on Thursday. New Fortress Energy Inc. has a 52 week low of $25.06 and a 52 week high of $40.04. The company’s 50 day moving average is $30.72 and its two-hundred day moving average is $33.27. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 3.66. The company has a market cap of $5.66 billion, a PE ratio of 10.42 and a beta of 1.53.

New Fortress Energy (NASDAQ:NFE) last announced its quarterly earnings data on Thursday, February 29th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. The company had revenue of $758.60 million for the quarter, compared to the consensus estimate of $647.54 million. New Fortress Energy had a net margin of 22.70% and a return on equity of 36.16%. The company’s quarterly revenue was up 38.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. Equities analysts predict that New Fortress Energy Inc. will post 3.73 earnings per share for the current fiscal year.

New Fortress Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 15th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, March 14th. New Fortress Energy’s dividend payout ratio (DPR) is 15.09%.

About New Fortress Energy

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.