New Fortress Energy Inc. (NASDAQ:NFE) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its position in shares of New Fortress Energy Inc. (NASDAQ:NFE) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,217 shares of the company’s stock after buying an additional 1,560 shares during the period. Linden Thomas Advisory Services LLC’s holdings in New Fortress Energy were worth $1,895,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in New Fortress Energy by 41.4% in the 3rd quarter. Vanguard Group Inc. now owns 8,481,836 shares of the company’s stock valued at $278,035,000 after purchasing an additional 2,482,627 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of New Fortress Energy by 12.0% during the third quarter. William Blair Investment Management LLC now owns 6,275,847 shares of the company’s stock valued at $205,722,000 after acquiring an additional 674,685 shares in the last quarter. Federated Hermes Inc. increased its position in shares of New Fortress Energy by 10.8% during the third quarter. Federated Hermes Inc. now owns 4,401,700 shares of the company’s stock worth $144,288,000 after acquiring an additional 427,300 shares during the last quarter. Invesco Ltd. increased its position in shares of New Fortress Energy by 1.4% during the third quarter. Invesco Ltd. now owns 3,427,576 shares of the company’s stock worth $112,356,000 after acquiring an additional 46,584 shares during the last quarter. Finally, Electron Capital Partners LLC increased its position in shares of New Fortress Energy by 208.4% during the third quarter. Electron Capital Partners LLC now owns 1,208,505 shares of the company’s stock worth $39,615,000 after acquiring an additional 816,643 shares during the last quarter. 58.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NFE shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $35.00 price target (down from $40.00) on shares of New Fortress Energy in a research note on Monday, March 4th. Stifel Nicolaus decreased their price target on New Fortress Energy from $49.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $39.29.

New Fortress Energy Stock Up 0.2 %

NASDAQ:NFE traded up $0.05 during trading hours on Tuesday, reaching $28.19. The company’s stock had a trading volume of 676,593 shares, compared to its average volume of 1,296,871. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 10.62 and a beta of 1.53. New Fortress Energy Inc. has a one year low of $25.06 and a one year high of $40.04. The business’s 50-day moving average is $30.86 and its 200-day moving average is $33.33. The company has a debt-to-equity ratio of 3.66, a current ratio of 0.57 and a quick ratio of 0.51.

New Fortress Energy (NASDAQ:NFE) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. The firm 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 period in the prior year, the company posted $0.87 earnings per share. Equities research analysts predict that New Fortress Energy Inc. will post 3.73 EPS for the current year.

New Fortress Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, March 14th. New Fortress Energy’s dividend payout ratio is 15.09%.

New Fortress Energy 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.