Nomura Holdings Inc. Makes New Investment in New Fortress Energy Inc. (NASDAQ:NFE)

Nomura Holdings Inc. purchased a new position in shares of New Fortress Energy Inc. (NASDAQ:NFE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 111,494 shares of the company's stock, valued at approximately $4,207,000. Nomura Holdings Inc. owned 0.05% of New Fortress Energy as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp raised its position 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 buying an additional 482 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of New Fortress Energy in the 4th quarter worth $210,000. PNC Financial Services Group Inc. raised its position in shares of New Fortress Energy by 5.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,730 shares of the company's stock worth $221,000 after buying an additional 319 shares during the period. Brasada Capital Management LP purchased a new position in shares of New Fortress Energy in the 3rd quarter worth $229,000. Finally, ELCO Management Co. LLC purchased a new position in shares of New Fortress Energy in the 3rd quarter worth $229,000. Hedge funds and other institutional investors own 58.61% of the company's stock.

Analyst Upgrades and Downgrades

NFE has been the topic of several research reports. Stifel Nicolaus cut their target price on New Fortress Energy from $45.00 to $43.00 and set a "buy" rating on the stock in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft lowered their price target on New Fortress Energy from $35.00 to $33.00 and set a "hold" rating for the company in a report on Thursday, May 9th. Finally, Barclays lowered their price target on New Fortress Energy from $32.00 to $27.00 and set an "equal weight" rating for the company in a report on Monday, May 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, New Fortress Energy currently has an average rating of "Moderate Buy" and a consensus price target of $39.17.

New Fortress Energy Stock Down 0.4 %

Shares of New Fortress Energy stock traded down $0.09 during trading hours on Tuesday, hitting $21.21. 1,989,302 shares of the company's stock traded hands, compared to its average volume of 1,502,063. The stock has a 50 day simple moving average of $26.05 and a 200-day simple moving average of $31.10. The company has a quick ratio of 0.54, a current ratio of 0.66 and a debt-to-equity ratio of 3.74. The company has a market cap of $4.35 billion, a PE ratio of 9.61 and a beta of 1.51. New Fortress Energy Inc. has a twelve month low of $20.79 and a twelve month high of $40.04.

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

New Fortress Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Saturday, June 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, June 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.89%. New Fortress Energy's dividend payout ratio is presently 18.18%.

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.