23,400 Shares in Cheniere Energy, Inc. (NYSE:LNG) Purchased by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,400 shares of the energy company's stock, valued at approximately $5,028,000. Cheniere Energy accounts for about 1.2% of Catalyst Funds Management Pty Ltd's investment portfolio, making the stock its 14th biggest holding.

A number of other hedge funds also recently modified their holdings of LNG. Harbour Investments Inc. raised its position in shares of Cheniere Energy by 7.4% during the third quarter. Harbour Investments Inc. now owns 1,194 shares of the energy company's stock worth $215,000 after purchasing an additional 82 shares during the period. GSA Capital Partners LLP bought a new position in shares of Cheniere Energy during the third quarter worth about $851,000. Victory Capital Management Inc. grew its holdings in shares of Cheniere Energy by 2.5% during the third quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company's stock worth $20,436,000 after buying an additional 2,768 shares in the last quarter. Huntington National Bank grew its holdings in shares of Cheniere Energy by 2.6% during the third quarter. Huntington National Bank now owns 3,571 shares of the energy company's stock worth $642,000 after buying an additional 89 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Cheniere Energy by 0.8% during the third quarter. KBC Group NV now owns 69,900 shares of the energy company's stock worth $12,571,000 after buying an additional 560 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

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Analyst Ratings Changes

A number of research firms recently issued reports on LNG. Morgan Stanley increased their price objective on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. The Goldman Sachs Group increased their price objective on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Mizuho increased their price objective on Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday. UBS Group restated a "buy" rating and issued a $277.00 price target on shares of Cheniere Energy in a research note on Tuesday. Finally, Stifel Nicolaus raised their price objective on Cheniere Energy from $237.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $239.79.

Cheniere Energy Price Performance

NYSE LNG traded up $3.26 during trading hours on Wednesday, reaching $227.29. 1,365,490 shares of the stock traded hands, compared to its average volume of 1,745,282. The stock has a 50 day simple moving average of $224.84 and a two-hundred day simple moving average of $208.17. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The company has a market cap of $50.84 billion, a price-to-earnings ratio of 15.97 and a beta of 0.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.74 by $1.59. The firm had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. On average, analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced 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 of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.88%. Cheniere Energy's payout ratio is presently 14.05%.

Insider Buying and Selling

In related news, Director G Andrea Botta sold 9,000 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 33,934 shares of the company's stock, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is owned by 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.