New Fortress Energy Inc. (NFE)
Amalgamated Bank Sells 686 Shares of New Fortress Energy Inc. (NASDAQ:NFE)
Amalgamated Bank lowered its stake in shares of New Fortress Energy Inc. (NASDAQ:NFE – Free Report) by 5.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,130 shares of the company’s stock after selling 686 shares during the quarter. Amalgamated Bank’s holdings in New Fortress Energy were worth $495,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp boosted 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 valued at $119,000 after buying an additional 482 shares during the period. ORG Partners LLC grew its position in New Fortress Energy by 14.3% in the 3rd quarter. ORG Partners LLC now owns 4,206 shares of the company’s stock valued at $138,000 after acquiring an additional 526 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in New Fortress Energy in the fourth quarter worth $210,000. PNC Financial Services Group Inc. lifted its position in shares of New Fortress Energy by 5.0% during the third quarter. PNC Financial Services Group Inc. now owns 6,730 shares of the company’s stock worth $221,000 after purchasing an additional 319 shares during the last quarter. Finally, ELCO Management Co. LLC purchased a new position in New Fortress Energy in the 3rd quarter worth about $229,000. Hedge funds and other institutional investors own 58.61% of the company’s stock. Analysts Set New Price Targets Several research firms have issued reports on NFE. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of New Fortress Energy from $35.00 to $33.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. Barclays dropped their price objective 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, May 6th. Finally, Stifel Nicolaus reduced their price objective on New Fortress Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.00. Read Our Latest Stock Analysis on New Fortress Energy New Fortress Energy Stock Up 2.5 % New Fortress Energy stock opened at $26.72 on Monday. New Fortress Energy Inc. has a twelve month low of $25.06 and a twelve month high of $40.04. The business has a fifty day moving average of $28.71 and a two-hundred day moving average of $32.62. The firm has a market cap of $5.48 billion, a P/E ratio of 12.15 and a beta of 1.55. The company has a quick ratio of 0.54, a current ratio of 0.66 and a debt-to-equity ratio of 3.74. New Fortress Energy (NASDAQ:NFE – Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. New Fortress Energy had a return on equity of 31.34% and a net margin of 17.90%. The company had revenue of $690.30 million for the quarter, compared to analyst estimates of $602.41 million. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. On average, analysts forecast that New Fortress Energy Inc. will post 2.07 earnings per share for the current fiscal year. New Fortress Energy Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Saturday, June 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, June 14th. New Fortress Energy’s dividend payout ratio is currently 18.18%. 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. See Also Five stocks we like better than New Fortress Energy Retail Stocks Investing, Explained MarketBeat Week in Review – 5/13 – 5/17 Stock Ratings and Recommendations: Understanding Analyst Ratings Take-Two Interactive Software Offers 2nd Chance for Investors 3 Warren Buffett Stocks to Buy Now Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding NFE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Fortress Energy Inc. (NASDAQ:NFE – Free Report).
New Fortress Energy Inc. to Post Q2 2024 Earnings of $0.12 Per Share, Capital One Financial Forecasts (NASDAQ:NFE)
New Fortress Energy Inc. (NASDAQ:NFE – Free Report) – Analysts at Capital One Financial dropped their Q2 2024 EPS estimates for New Fortress Energy in a research report issued to clients and investors on Thursday, May 16th. Capital One Financial analyst W. Suki now forecasts that the company will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.46. The consensus estimate for New Fortress Energy’s current full-year earnings is $2.07 per share. Capital One Financial also issued estimates for New Fortress Energy’s Q3 2024 earnings at $0.54 EPS, Q4 2024 earnings at $0.53 EPS, FY2024 earnings at $1.86 EPS and FY2025 earnings at $2.61 EPS. New Fortress Energy (NASDAQ:NFE – Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.07. The company had revenue of $690.30 million for the quarter, compared to analyst estimates of $602.41 million. New Fortress Energy had a net margin of 17.90% and a return on equity of 31.34%. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period last year, the business posted $0.90 earnings per share. NFE has been the topic of a number of other reports. Stifel Nicolaus dropped their price objective on shares of New Fortress Energy from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Barclays lowered their price target on shares of New Fortress Energy from $32.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Monday, May 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of New Fortress Energy from $35.00 to $33.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.00. Read Our Latest Research Report on NFE New Fortress Energy Trading Up 2.5 % Shares of NASDAQ:NFE opened at $26.72 on Monday. New Fortress Energy has a 12 month low of $25.06 and a 12 month high of $40.04. 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’s fifty day simple moving average is $28.71 and its 200 day simple moving average is $32.62. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 12.15 and a beta of 1.55. New Fortress Energy Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Saturday, June 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, June 14th. New Fortress Energy’s payout ratio is 18.18%. Institutional Investors Weigh In On New Fortress Energy A number of hedge funds and other institutional investors have recently made changes to their positions in NFE. Benjamin F. Edwards & Company Inc. raised its holdings in shares of New Fortress Energy by 563.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,387 shares of the company’s stock worth $42,000 after buying an additional 1,178 shares in the last quarter. Meeder Asset Management Inc. bought a new position in New Fortress Energy in the first quarter valued at about $95,000. Van ECK Associates Corp lifted its holdings in shares of New Fortress Energy by 15.3% in 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 during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of New Fortress Energy in the 4th quarter valued at approximately $119,000. Finally, ORG Partners LLC grew 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 valued at $138,000 after purchasing an additional 526 shares during the last quarter. 58.61% of the stock is currently owned by institutional investors and hedge funds. New Fortress Energy Company Profile (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.
