O Brien Greene & Co. Inc Increases Stake in New Fortress Energy Inc. (NASDAQ:NFE)

O Brien Greene & Co. Inc increased its holdings in shares of New Fortress Energy Inc. (NASDAQ:NFE) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,015 shares of the company’s stock after buying an additional 1,420 shares during the period. O Brien Greene & Co. Inc’s holdings in New Fortress Energy were worth $567,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp purchased a new stake in shares of New Fortress Energy in the 4th quarter valued at approximately $3,021,000. Citigroup Inc. boosted its holdings in shares of New Fortress Energy by 9.7% in the 3rd quarter. Citigroup Inc. now owns 12,341 shares of the company’s stock valued at $405,000 after buying an additional 1,092 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of New Fortress Energy by 41.4% in the 3rd quarter. Vanguard Group Inc. now owns 8,481,836 shares of the company’s stock valued at $278,035,000 after buying an additional 2,482,627 shares in the last quarter. Callodine Capital Management LP boosted its holdings in shares of New Fortress Energy by 40.5% in the 3rd quarter. Callodine Capital Management LP now owns 316,120 shares of the company’s stock valued at $10,362,000 after buying an additional 91,120 shares in the last quarter. Finally, Crestwood Advisors Group LLC acquired a new position in shares of New Fortress Energy in the 3rd quarter valued at $1,147,000. 58.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NFE. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $35.00 price target (down previously from $40.00) on shares of New Fortress Energy in a research note on Monday, March 4th. Stifel Nicolaus reduced their target price on shares of New Fortress Energy from $49.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.29.

New Fortress Energy Stock Performance

Shares of NFE opened at $27.11 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 3.66. The company has a 50-day simple moving average of $30.51 and a 200-day simple moving average of $33.20. The company has a market capitalization of $5.56 billion, a PE ratio of 10.23 and a beta of 1.53. New Fortress Energy Inc. has a 52-week low of $25.06 and a 52-week high of $40.04.

New Fortress Energy (NASDAQ:NFE) last released its earnings results on Thursday, February 29th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. New Fortress Energy had a net margin of 22.70% and a return on equity of 36.16%. The firm had revenue of $758.60 million during the quarter, compared to analyst estimates of $647.54 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The firm’s revenue for the quarter was up 38.8% compared to the same quarter last year. Equities research analysts predict that New Fortress Energy Inc. will post 3.73 earnings per share for the current fiscal year.

New Fortress Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 15th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.40 annualized dividend and a yield of 1.48%. New Fortress Energy’s payout ratio is 15.09%.

New Fortress Energy Company 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.