1 week Ago By ABMN Staff
New Fortress Energy ( NASDAQ:NFE – Free Report ) had its price target boosted by Stifel Nicolaus from $16.00 to $17.00 in a report issued on Monday morning, Benzinga reports.
Stifel Nicolaus currently has a buy rating on the stock. Other equities research analysts also recently issued reports about the company. Morgan Stanley downgraded New Fortress Energy from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $35.
00 to $15.00 in a research report on Thursday, October 3rd. BTIG Research lowered their target price on New Fortress Energy from $35.
00 to $15.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded New Fortress Energy from a “sell” rating to a “hold” rating and set a $11.
00 price target for the company in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.
40. View Our Latest Stock Analysis on NFE New Fortress Energy Price Performance Insider Buying and Selling In other New Fortress Energy news, CEO Wesley R. Edens purchased 5,793,742 shares of the stock in a transaction on Tuesday, October 1st.
The shares were purchased at an average price of $8.63 per share, with a total value of $49,999,993.46.
Following the acquisition, the chief executive officer now directly owns 35,721,915 shares of the company’s stock, valued at $308,280,126.45. This represents a 19.
36 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link . 37.
10% of the stock is owned by company insiders. Hedge Funds Weigh In On New Fortress Energy A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc.
grew its stake in shares of New Fortress Energy by 8.5% in the 3rd quarter. Franklin Resources Inc.
now owns 161,095 shares of the company’s stock valued at $1,555,000 after purchasing an additional 12,587 shares during the period. M&T Bank Corp acquired a new stake in New Fortress Energy in the 3rd quarter valued at $628,000. Tanaka Capital Management Inc.
grew its position in New Fortress Energy by 50.7% in the third quarter. Tanaka Capital Management Inc.
now owns 32,370 shares of the company’s stock valued at $294,000 after acquiring an additional 10,895 shares during the period. XTX Topco Ltd acquired a new position in New Fortress Energy during the third quarter worth $381,000. Finally, State Street Corp lifted its holdings in shares of New Fortress Energy by 4.
9% during the third quarter. State Street Corp now owns 1,205,046 shares of the company’s stock valued at $10,954,000 after acquiring an additional 56,153 shares during the period. 58.
61% of the stock is owned by institutional investors. About New Fortress Energy ( Get 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. See Also Receive News & Ratings for New Fortress Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Fortress Energy and related companies with MarketBeat.com's FREE daily email newsletter .
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