US Bancorp DE Purchases 1,126 Shares of New Fortress Energy Inc. (NASDAQ:NFE)

US Bancorp DE increased its position in shares of New Fortress Energy Inc. (NASDAQ:NFE) by 31.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,696 shares of the company’s stock after acquiring an additional 1,126 shares during the quarter. US Bancorp DE’s holdings in New Fortress Energy were worth $71,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. KBC Group NV increased its position in shares of New Fortress Energy by 116.9% during the third quarter. KBC Group NV now owns 3,436 shares of the company’s stock worth $31,000 after purchasing an additional 1,852 shares in the last quarter. Allworth Financial LP increased its position in New Fortress Energy by 2,156.0% during the 4th quarter. Allworth Financial LP now owns 2,053 shares of the company’s stock valued at $32,000 after buying an additional 1,962 shares in the last quarter. GAMMA Investing LLC raised its stake in New Fortress Energy by 148.5% in the fourth quarter. GAMMA Investing LLC now owns 3,966 shares of the company’s stock valued at $60,000 after buying an additional 2,370 shares during the last quarter. Captrust Financial Advisors acquired a new stake in New Fortress Energy in the third quarter worth about $101,000. Finally, Nicolet Advisory Services LLC acquired a new position in shares of New Fortress Energy during the third quarter valued at about $104,000. Hedge funds and other institutional investors own 58.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Morgan Stanley dropped their target price on shares of New Fortress Energy from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 4th. Stifel Nicolaus dropped their price objective on shares of 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, Deutsche Bank Aktiengesellschaft upgraded New Fortress Energy from a “sell” rating to a “hold” rating and set a $11.00 target price for the company in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.60.

Insider Buying and Selling at New Fortress Energy

In other news, CFO Christopher S. Guinta bought 5,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $8.57 per share, with a total value of $42,850.00. Following the purchase, the chief financial officer now directly owns 206,653 shares in the company, valued at $1,771,016.21. The trade was a 2.48 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 37.10% of the stock is currently owned by corporate insiders.

New Fortress Energy Trading Up 7.9 %

Shares of New Fortress Energy stock opened at $9.99 on Tuesday. The stock has a market cap of $2.72 billion, a PE ratio of 10.98 and a beta of 1.58. The firm has a fifty day moving average price of $12.62 and a 200 day moving average price of $11.39. New Fortress Energy Inc. has a 1 year low of $7.58 and a 1 year high of $31.89. 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 (NASDAQ:NFE) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.13 earnings per share (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%. Equities research analysts predict that New Fortress Energy Inc. will post 0.36 earnings per share for the current year.

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.