Burling Wealth Partners LLC Buys New Position in Cheniere Energy, Inc. (NYSE:LNG)

Burling Wealth Partners LLC purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,488 shares of the energy company's stock, valued at approximately $320,000.

Several other hedge funds also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its holdings in Cheniere Energy by 10.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company's stock worth $886,664,000 after purchasing an additional 379,142 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Cheniere Energy by 16.1% during the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock worth $695,599,000 after buying an additional 450,031 shares during the last quarter. Norges Bank acquired a new position in shares of Cheniere Energy during the 4th quarter worth about $629,197,000. Amundi grew its holdings in shares of Cheniere Energy by 19.9% in the 4th quarter. Amundi now owns 2,696,002 shares of the energy company's stock valued at $606,907,000 after acquiring an additional 448,189 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Cheniere Energy by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,184,891 shares of the energy company's stock valued at $469,448,000 after acquiring an additional 59,281 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Trading Up 1.9 %

Shares of LNG stock opened at $232.37 on Friday. Cheniere Energy, Inc. has a 12-month low of $153.03 and a 12-month high of $257.65. The company has a market capitalization of $51.78 billion, a PE ratio of 16.33 and a beta of 0.67. The firm has a 50 day moving average price of $221.59 and a two-hundred day moving average price of $216.03. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

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

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.50 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. Cheniere Energy's dividend payout ratio (DPR) is presently 14.05%.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Barclays increased their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Stifel Nicolaus cut their price objective on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a report on Tuesday. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a report on Thursday, March 6th. StockNews.com upgraded shares of Cheniere Energy from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, Raymond James reissued a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Cheniere Energy has an average rating of "Buy" and a consensus price target of $245.15.

About Cheniere Energy

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.

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