New Fortress Energy Inc. (NASDAQ:NFE) Shares Bought by KBC Group NV

KBC Group NV lifted its holdings in New Fortress Energy Inc. (NASDAQ:NFE) by 121.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,596 shares of the company’s stock after buying an additional 4,160 shares during the quarter. KBC Group NV’s holdings in New Fortress Energy were worth $115,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. nVerses Capital LLC bought a new position in New Fortress Energy in the 3rd quarter worth about $25,000. US Bancorp DE grew its stake in shares of New Fortress Energy by 344.6% in the 3rd quarter. US Bancorp DE now owns 3,570 shares of the company’s stock worth $32,000 after purchasing an additional 2,767 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of New Fortress Energy by 148.5% during the 4th quarter. GAMMA Investing LLC now owns 3,966 shares of the company’s stock worth $60,000 after acquiring an additional 2,370 shares in the last quarter. Signaturefd LLC increased its stake in New Fortress Energy by 409.1% in the 3rd quarter. Signaturefd LLC now owns 4,124 shares of the company’s stock worth $37,000 after purchasing an additional 3,314 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in New Fortress Energy in the 4th quarter worth approximately $125,000. 58.61% of the stock is owned by institutional investors.

New Fortress Energy Trading Down 2.5 %

New Fortress Energy stock opened at $12.26 on Friday. The company’s fifty day moving average price is $14.00 and its two-hundred day moving average price is $12.46. 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 $7.82 and a one year high of $35.58. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 13.47 and a beta of 1.49.

Wall Street Analysts Forecast Growth

NFE has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of New Fortress Energy from a “sell” rating to a “hold” rating and set a $11.00 price target for the company in a research report on Wednesday, December 4th. Stifel Nicolaus increased their target price on shares of New Fortress Energy from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, New Fortress Energy currently has a consensus rating of “Hold” and an average target price of $15.40.

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.