Atika Capital Management LLC Invests $6.23 Million in Cheniere Energy, Inc. (NYSE:LNG)

Atika Capital Management LLC purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 29,000 shares of the energy company's stock, valued at approximately $6,231,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Cheniere Energy in the 4th quarter valued at $629,197,000. Wellington Management Group LLP boosted its stake in shares of Cheniere Energy by 195.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock valued at $755,410,000 after purchasing an additional 2,776,920 shares in the last quarter. Ninety One UK Ltd grew its holdings in shares of Cheniere Energy by 1,400.7% during the 4th quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company's stock valued at $324,393,000 after purchasing an additional 1,409,116 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Cheniere Energy by 61.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company's stock worth $357,638,000 after purchasing an additional 631,787 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Cheniere Energy in the 4th quarter valued at approximately $130,772,000. 87.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Argus started coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They set a "buy" rating and a $255.00 target price on the stock. StockNews.com raised Cheniere Energy from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Morgan Stanley upped their target price on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research report on Thursday, March 6th. Finally, Mizuho boosted their price target on Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $239.79.

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Cheniere Energy Stock Up 2.4 %

Shares of Cheniere Energy stock traded up $5.20 on Friday, hitting $218.04. The company had a trading volume of 1,007,435 shares, compared to its average volume of 1,872,323. The stock has a 50 day moving average of $219.71 and a 200-day moving average of $213.19. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. The stock has a market capitalization of $48.77 billion, a price-to-earnings ratio of 15.31 and a beta of 0.67. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. As a group, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, February 7th. Cheniere Energy's dividend payout ratio is presently 14.05%.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares in the company, valued at $7,448,852.34. This represents a 20.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by company insiders.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.