1 week Ago By Defense World Staff
Norges Bank acquired a new stake in shares of New Fortress Energy Inc. (NASDAQ:NFE – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 670,324 shares of the company’s stock, valued at approximately $10,135,000.
Norges Bank owned about 0.27% of New Fortress Energy as of its most recent filing with the Securities and Exchange Commission. Several other large investors have also modified their holdings of NFE.
JPMorgan Chase & Co. lifted its stake in New Fortress Energy by 2.0% during the fourth quarter.
JPMorgan Chase & Co. now owns 48,250 shares of the company’s stock valued at $730,000 after buying an additional 935 shares in the last quarter. Cruiser Capital Advisors LLC purchased a new stake in shares of New Fortress Energy in the 4th quarter valued at approximately $3,552,000.
Vanguard Group Inc. lifted its position in shares of New Fortress Energy by 31.8% in the 4th quarter.
Vanguard Group Inc. now owns 11,319,248 shares of the company’s stock valued at $171,147,000 after acquiring an additional 2,728,191 shares in the last quarter. Samalin Investment Counsel LLC acquired a new position in New Fortress Energy in the 4th quarter worth approximately $188,000.
Finally, KLP Kapitalforvaltning AS purchased a new position in New Fortress Energy during the 4th quarter worth approximately $290,000. 58.61% of the stock is owned by institutional investors.
New Fortress Energy Stock PerformanceShares of NASDAQ NFE opened at $5.42 on Wednesday. The company has a debt-to-equity ratio of 4.
06, a current ratio of 0.38 and a quick ratio of 0.35.
New Fortress Energy Inc. has a one year low of $4.80 and a one year high of $30.
19. The business’s 50-day moving average price is $10.44 and its two-hundred day moving average price is $11.
10. The company has a market capitalization of $1.48 billion, a P/E ratio of 5.
96 and a beta of 1.52. New Fortress Energy (NASDAQ:NFE – Get Free Report) last announced its quarterly earnings results on Monday, March 3rd.
The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.06 by $0.
07. The business had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $613.
24 million. New Fortress Energy had a return on equity of 15.60% and a net margin of 7.
84%. Analysts anticipate that New Fortress Energy Inc. will post 0.
36 earnings per share for the current fiscal year. Insider Transactions at New Fortress EnergyIn related news, CFO Christopher S. Guinta purchased 5,000 shares of New Fortress Energy stock in a transaction on Thursday, March 13th.
The stock was bought at an average price of $8.57 per share, with a total value of $42,850.00.
Following the completion of the transaction, the chief financial officer now directly owns 206,653 shares of the company’s stock, valued at approximately $1,771,016.21. This represents a 2.
48 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 37.
10% of the stock is currently owned by company insiders. Wall Street Analyst Weigh InNFE has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $8.
00 target price on New Fortress Energy in a research report on Wednesday, March 12th. Stifel Nicolaus dropped their target price on New Fortress Energy from $23.00 to $19.
00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, 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 report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.
00.Get Our Latest Report on New Fortress EnergyNew 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.Featured ArticlesFive stocks we like better than New Fortress EnergyTop Stocks Investing in 5G TechnologyTariff-Proof Stocks: 3 Big Bargains With Huge Upside PotentialHow to Most Effectively Use the MarketBeat Earnings ScreenerQualcomm Breaks Down But RSI Signals It’s Severely OversoldBuy P&G Now, Before It Sets A New All-Time HighTesla’s #1 Bull Cuts Target But Says It’s Still a Buy.
