Advisory Services Network LLC Has $511,000 Stock Position in New Fortress Energy Inc. (NASDAQ:NFE)

Advisory Services Network LLC lowered its stake in shares of New Fortress Energy Inc. (NASDAQ:NFEFree Report) by 49.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,531 shares of the company’s stock after selling 13,189 shares during the period. Advisory Services Network LLC’s holdings in New Fortress Energy were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings 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 during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of New Fortress Energy by 2.8% in the 3rd 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 last quarter. Van ECK Associates Corp raised its holdings in shares of New Fortress Energy by 15.3% in the 3rd 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 last quarter. Hohimer Wealth Management LLC raised its holdings in shares of New Fortress Energy by 1.3% in the 3rd 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 last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of New Fortress Energy by 5.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,081 shares of the company’s stock worth $531,000 after acquiring an additional 716 shares during the last quarter. Institutional investors and hedge funds own 58.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NFE shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of New Fortress Energy from $35.00 to $33.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Barclays lowered their target price on shares of New Fortress Energy from $32.00 to $27.00 and set an “equal weight” rating on the stock in a report on Monday, May 6th. Finally, Stifel Nicolaus lowered their target price on shares of New Fortress Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, New Fortress Energy presently has an average rating of “Hold” and a consensus price target of $38.00.

View Our Latest Stock Report on New Fortress Energy

New Fortress Energy Trading Up 3.3 %

Shares of NFE stock opened at $25.35 on Friday. New Fortress Energy Inc. has a 52-week low of $24.13 and a 52-week high of $40.04. The company has a debt-to-equity ratio of 3.74, a quick ratio of 0.54 and a current ratio of 0.66. The company has a 50-day simple moving average of $27.59 and a two-hundred day simple moving average of $32.20. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 11.52 and a beta of 1.55.

New Fortress Energy (NASDAQ:NFEGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. New Fortress Energy had a net margin of 17.90% and a return on equity of 31.34%. The firm had revenue of $690.30 million during the quarter, compared to the consensus estimate of $602.41 million. During the same period in the prior year, the firm earned $0.90 EPS. The company’s revenue was up 19.2% compared to the same quarter last year. Research analysts anticipate that New Fortress Energy Inc. will post 2.07 EPS for the current fiscal year.

New Fortress Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Saturday, June 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, June 14th. New Fortress Energy’s dividend payout ratio is currently 18.18%.

About New Fortress Energy

(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.

Featured Stories

Institutional Ownership by Quarter for New Fortress Energy (NASDAQ:NFE)

Receive News & Ratings for New Fortress Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Fortress Energy and related companies with MarketBeat.com's FREE daily email newsletter.