285,872 Shares in New Fortress Energy Inc. (NASDAQ:NFE) Bought by Capital International Investors

Capital International Investors bought a new stake in New Fortress Energy Inc. (NASDAQ:NFE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 285,872 shares of the company's stock, valued at approximately $4,322,000. Capital International Investors owned about 0.11% of New Fortress Energy at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NFE. JPMorgan Chase & Co. lifted its stake in shares of New Fortress Energy by 2.0% in the 4th quarter. JPMorgan Chase & Co. now owns 48,250 shares of the company's stock valued at $730,000 after purchasing an additional 935 shares in the last quarter. US Bancorp DE lifted its position in New Fortress Energy by 31.5% during the fourth quarter. US Bancorp DE now owns 4,696 shares of the company's stock valued at $71,000 after buying an additional 1,126 shares in the last quarter. Allworth Financial LP lifted its position in New Fortress Energy by 2,156.0% during the fourth quarter. Allworth Financial LP now owns 2,053 shares of the company's stock valued at $32,000 after buying an additional 1,962 shares in the last quarter. GAMMA Investing LLC grew its stake in New Fortress Energy by 148.5% during the fourth quarter. GAMMA Investing LLC now owns 3,966 shares of the company's stock worth $60,000 after buying an additional 2,370 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of New Fortress Energy by 21.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,438 shares of the company's stock worth $249,000 after acquiring an additional 2,951 shares in the last quarter. Hedge funds and other institutional investors own 58.61% of the company's stock.

Wall Street Analysts Forecast Growth

NFE has been the subject of a number of research reports. Morgan Stanley decreased their price target on shares of New Fortress Energy from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 4th. Stifel Nicolaus lowered their target price on New Fortress Energy from $23.00 to $19.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Citigroup dropped their target price on New Fortress Energy from $34.00 to $8.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft set a $8.00 price target on New Fortress Energy in a report on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $13.83.

New Fortress Energy Trading Up 2.7 %

NASDAQ:NFE opened at $5.69 on Monday. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 6.25 and a beta of 1.52. New Fortress Energy Inc. has a one year low of $4.72 and a one year high of $29.11. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.35 and a current ratio of 0.38. The business's 50-day simple moving average is $9.04 and its 200 day simple moving average is $10.88.

New Fortress Energy (NASDAQ:NFE - Get Free Report) last announced its earnings results on Monday, March 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.07. The company had revenue of $679.00 million for the quarter, compared to analyst estimates of $613.24 million. New Fortress Energy had a return on equity of 15.60% and a net margin of 7.84%. As a group, sell-side analysts predict that New Fortress Energy Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Activity at New Fortress Energy

In other news, CFO Christopher S. Guinta acquired 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $8.57 per share, with a total value of $42,850.00. Following the completion of the acquisition, the chief financial officer now directly owns 206,653 shares in the company, valued at $1,771,016.21. This represents a 2.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 37.10% of the stock is currently owned by corporate insiders.

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.

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