New Fortress Energy Inc. (NASDAQ:NFE) is Kailix Advisors LLC’s 3rd Largest Position

Kailix Advisors LLC reduced its position in New Fortress Energy Inc. (NASDAQ:NFE) by 11.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,072,782 shares of the company’s stock after selling 139,471 shares during the quarter. New Fortress Energy comprises about 22.7% of Kailix Advisors LLC’s holdings, making the stock its 3rd largest position. Kailix Advisors LLC owned approximately 0.52% of New Fortress Energy worth $40,476,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. O Brien Greene & Co. Inc grew its stake in shares of New Fortress Energy by 10.4% during the 4th quarter. O Brien Greene & Co. Inc now owns 15,015 shares of the company’s stock worth $567,000 after purchasing an additional 1,420 shares during the period. Linden Thomas Advisory Services LLC grew its stake in New Fortress Energy by 3.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,217 shares of the company’s stock valued at $1,895,000 after acquiring an additional 1,560 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in New Fortress Energy by 5.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,081 shares of the company’s stock valued at $531,000 after acquiring an additional 716 shares during the last quarter. Mackenzie Financial Corp purchased a new position in New Fortress Energy in the 4th quarter valued at about $3,021,000. Finally, Friedenthal Financial purchased a new position in New Fortress Energy in the 4th quarter valued at about $690,000. 58.61% of the stock is owned by institutional investors and hedge funds.

New Fortress Energy Stock Down 0.5 %

Shares of NASDAQ:NFE traded down $0.13 during mid-day trading on Friday, hitting $27.11. 1,278,180 shares of the company traded hands, compared to its average volume of 1,074,357. New Fortress Energy Inc. has a 52-week low of $25.06 and a 52-week high of $40.04. The firm’s 50 day simple moving average is $30.51 and its 200 day simple moving average is $33.20. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.51 and a current ratio of 0.57. The firm has a market cap of $5.56 billion, a P/E ratio of 10.23 and a beta of 1.53.

New Fortress Energy (NASDAQ:NFE) last issued its earnings results on Thursday, February 29th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. The company had revenue of $758.60 million during the quarter, compared to analyst estimates of $647.54 million. New Fortress Energy had a return on equity of 36.16% and a net margin of 22.70%. The business’s revenue was up 38.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. On average, equities analysts anticipate that New Fortress Energy Inc. will post 3.73 EPS for the current year.

New Fortress Energy Announces Dividend

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

Analysts Set New Price Targets

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

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.