Xponance Inc. Sells 463 Shares of New Fortress Energy Inc. (NASDAQ:NFE)

Xponance Inc. reduced its position in shares of New Fortress Energy Inc. (NASDAQ:NFE) by 5.2% during the fourth quarter, Holdings Channel reports. The firm owned 8,378 shares of the company’s stock after selling 463 shares during the period. Xponance Inc.’s holdings in New Fortress Energy were worth $316,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of New Fortress Energy by 5.0% during the third quarter. PNC Financial Services Group Inc. now owns 6,730 shares of the company’s stock valued at $221,000 after purchasing an additional 319 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in New Fortress Energy by 2.8% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,137 shares of the company’s stock worth $463,000 after acquiring an additional 384 shares during the period. Van ECK Associates Corp raised its position in New Fortress Energy by 15.3% in the third quarter. Van ECK Associates Corp now owns 3,623 shares of the company’s stock worth $119,000 after acquiring an additional 482 shares during the period. ORG Partners LLC raised its position in New Fortress Energy by 14.3% in the third quarter. ORG Partners LLC now owns 4,206 shares of the company’s stock worth $138,000 after acquiring an additional 526 shares during the period. Finally, Hohimer Wealth Management LLC raised its position in New Fortress Energy by 1.3% in the third quarter. Hohimer Wealth Management LLC now owns 46,651 shares of the company’s stock worth $1,529,000 after acquiring an additional 589 shares during the period. 58.61% of the stock is owned by institutional investors.

New Fortress Energy Price Performance

Shares of NASDAQ:NFE opened at $27.11 on Friday. The company has a 50 day moving average of $30.51 and a 200 day moving average of $33.20. The stock has a market cap of $5.56 billion, a P/E ratio of 10.23 and a beta of 1.53. New Fortress Energy Inc. has a 12 month low of $25.06 and a 12 month high of $40.04. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 3.66.

New Fortress Energy (NASDAQ:NFE) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. The company had revenue of $758.60 million during the quarter, compared to analysts’ expectations of $647.54 million. New Fortress Energy had a net margin of 22.70% and a return on equity of 36.16%. New Fortress Energy’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 earnings per share. As a group, sell-side analysts forecast that New Fortress Energy Inc. will post 3.73 EPS for the current fiscal year.

New Fortress Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.48%. New Fortress Energy’s dividend payout ratio is currently 15.09%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Stifel Nicolaus lowered 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 research report on Friday, March 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $35.00 price objective (down previously from $40.00) on shares of New Fortress Energy in a research report on Monday, March 4th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.29.

New Fortress Energy Company Profile

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.