Royal London Asset Management Ltd. Acquires 5,964 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Royal London Asset Management Ltd. grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 110,105 shares of the energy company's stock after acquiring an additional 5,964 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Cheniere Energy were worth $23,658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in Cheniere Energy by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company's stock worth $978,047,000 after purchasing an additional 167,575 shares during the period. Wellington Management Group LLP lifted 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 worth $755,410,000 after acquiring an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Cheniere Energy by 91.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company's stock valued at $673,927,000 after acquiring an additional 1,789,919 shares in the last quarter. Amundi boosted its holdings in shares of Cheniere Energy by 19.9% in the fourth 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, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Cheniere Energy by 11.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company's stock valued at $322,631,000 after acquiring an additional 178,318 shares during the period. Institutional investors own 87.26% of the company's stock.

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Insider Buying and Selling at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the sale, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LNG. Barclays increased their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a report on Thursday, March 6th. Wells Fargo & Company boosted their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Mizuho lifted their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Finally, TD Cowen increased their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, January 27th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $239.79.

Cheniere Energy Stock Up 0.2 %

Shares of NYSE:LNG traded up $0.38 during trading on Wednesday, reaching $232.38. 1,191,587 shares of the company traded hands, compared to its average volume of 1,745,659. The firm has a fifty day simple moving average of $224.89 and a 200 day simple moving average of $209.86. 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, Inc. has a 1-year low of $152.88 and a 1-year high of $257.65. The firm has a market cap of $51.97 billion, a P/E ratio of 16.33 and a beta of 0.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last released 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. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.44 billion. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

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

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.