111,494 Shares in New Fortress Energy Inc. (NASDAQ:NFE) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new stake in New Fortress Energy Inc. (NASDAQ:NFEFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in 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 valued at $221,000 after purchasing an additional 319 shares during the period. Van ECK Associates Corp increased its position in shares of New Fortress Energy by 15.3% during the third quarter. Van ECK Associates Corp now owns 3,623 shares of the company’s stock worth $119,000 after acquiring an additional 482 shares in the last quarter. Hohimer Wealth Management LLC increased its position in shares of New Fortress Energy by 1.3% during the third quarter. Hohimer Wealth Management LLC now owns 46,651 shares of the company’s stock worth $1,529,000 after acquiring an additional 589 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of New Fortress Energy by 5.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,081 shares of the company’s stock worth $531,000 after acquiring an additional 716 shares during the last quarter. Finally, Maryland State Retirement & Pension System lifted its position in New Fortress Energy by 1.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 58,877 shares of the company’s stock valued at $2,221,000 after acquiring an additional 736 shares in the last quarter. Institutional investors own 58.61% of the company’s stock.

New Fortress Energy Stock Performance

Shares of New Fortress Energy stock traded down $0.15 during trading hours on Tuesday, hitting $21.15. 104,243 shares of the company’s stock traded hands, compared to its average volume of 1,485,952. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 9.68 and a beta of 1.51. New Fortress Energy Inc. has a 12-month low of $20.79 and a 12-month high of $40.04. The company has a debt-to-equity ratio of 3.74, a current ratio of 0.66 and a quick ratio of 0.54. The company has a fifty day simple moving average of $26.05 and a 200-day simple moving average of $31.10.

New Fortress Energy (NASDAQ:NFEGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. New Fortress Energy had a net margin of 17.90% and a return on equity of 31.34%. The business had revenue of $690.30 million during the quarter, compared to the consensus estimate of $602.41 million. During the same quarter last year, the company posted $0.90 earnings per share. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. Equities research analysts anticipate that New Fortress Energy Inc. will post 2.07 EPS for the current fiscal year.

New Fortress Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Saturday, June 15th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, June 14th. New Fortress Energy’s dividend payout ratio is currently 18.18%.

Analysts Set New Price Targets

A number of analysts have commented on NFE shares. Barclays decreased their price objective 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. Stifel Nicolaus lowered their price target on New Fortress Energy from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of New Fortress Energy from $35.00 to $33.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.17.

Get Our Latest Stock Report on New Fortress Energy

New Fortress Energy Company Profile

(Free Report)

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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Institutional Ownership by Quarter for New Fortress Energy (NASDAQ:NFE)

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