New Fortress Energy Inc. (NASDAQ:NFE) Shares Sold by Cwm LLC

Cwm LLC decreased its stake in New Fortress Energy Inc. (NASDAQ:NFE) by 24.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,602 shares of the company’s stock after selling 527 shares during the quarter. Cwm LLC’s holdings in New Fortress Energy were worth $60,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NFE. PNC Financial Services Group Inc. lifted its stake in shares of New Fortress Energy by 5.0% in the third 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 in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in 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 valued at $463,000 after buying an additional 384 shares in the last quarter. Van ECK Associates Corp increased its stake 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. ORG Partners LLC raised 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 period. Finally, Hohimer Wealth Management LLC grew its holdings in shares of New Fortress Energy by 1.3% in the third quarter. Hohimer Wealth Management LLC now owns 46,651 shares of the company’s stock valued at $1,529,000 after purchasing an additional 589 shares during the period. Hedge funds and other institutional investors own 58.61% of the company’s stock.

New Fortress Energy Stock Performance

NASDAQ NFE opened at $26.49 on Thursday. The company has a market cap of $5.43 billion, a P/E ratio of 10.00 and a beta of 1.56. New Fortress Energy Inc. has a 1-year low of $25.06 and a 1-year high of $40.04. The company has a debt-to-equity ratio of 3.66, a current ratio of 0.57 and a quick ratio of 0.51. The stock has a 50-day moving average of $29.61 and a two-hundred day moving average of $32.81.

New Fortress Energy (NASDAQ:NFE) last released its earnings results 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 company had revenue of $758.60 million for the quarter, compared to analyst estimates of $647.54 million. New Fortress Energy had a net margin of 22.70% and a return on equity of 36.16%. The firm’s quarterly revenue was up 38.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.87 EPS. As a group, analysts anticipate that New Fortress Energy Inc. will post 2.97 EPS for the current year.

New Fortress Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 15th were issued 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 yield of 1.51%. New Fortress Energy’s dividend payout ratio (DPR) is 15.09%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NFE. Stifel Nicolaus dropped their price target on shares of 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. Barclays decreased their price target on New Fortress Energy from $32.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $35.00 price objective (down from $40.00) on shares of New Fortress Energy in a research report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $38.57.

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.