O Brien Greene & Co. Inc Buys 1,420 Shares of New Fortress Energy Inc. (NASDAQ:NFE)

O Brien Greene & Co. Inc lifted its stake in shares of New Fortress Energy Inc. (NASDAQ:NFE) by 10.4% during the fourth quarter, HoldingsChannel reports. The firm owned 15,015 shares of the company’s stock after acquiring an additional 1,420 shares during the quarter. O Brien Greene & Co. Inc’s holdings in New Fortress Energy were worth $567,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CWM LLC increased its holdings in shares of New Fortress Energy by 57.1% during the 3rd quarter. CWM LLC now owns 2,129 shares of the company’s stock worth $70,000 after acquiring an additional 774 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of New Fortress Energy during the 3rd quarter worth approximately $92,000. Van ECK Associates Corp increased its holdings in shares of New Fortress Energy by 15.3% during 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. ORG Partners LLC increased its holdings in shares of New Fortress Energy by 14.3% during the 3rd 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 last quarter. Finally, Castleview Partners LLC increased its holdings in shares of New Fortress Energy by 39.6% during the 3rd quarter. Castleview Partners LLC now owns 5,148 shares of the company’s stock worth $169,000 after acquiring an additional 1,459 shares during the last quarter. Institutional investors own 58.61% of the company’s stock.

New Fortress Energy Stock Performance

NFE opened at $27.11 on Friday. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.51 and a current ratio of 0.57. New Fortress Energy Inc. has a 52-week low of $25.06 and a 52-week high of $40.04. The firm has a market cap of $5.56 billion, a P/E ratio of 10.23 and a beta of 1.53. The business’s fifty day moving average is $30.51 and its 200-day moving average is $33.20.

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

New Fortress Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $35.00 target price (down from $40.00) on shares of New Fortress Energy in a report on Monday, March 4th. Stifel Nicolaus decreased their price objective on New Fortress Energy from $49.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Four 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, the stock currently has a consensus rating of “Hold” and an average target price 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.