Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 81.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,708 shares of the energy company's stock after buying an additional 5,243 shares during the period. Convergence Investment Partners LLC's holdings in Cheniere Energy were worth $2,516,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Creative Planning lifted its position in shares of Cheniere Energy by 10.4% during the third quarter. Creative Planning now owns 32,688 shares of the energy company's stock worth $5,879,000 after purchasing an additional 3,069 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Cheniere Energy by 8.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 4,284 shares of the energy company's stock worth $770,000 after buying an additional 318 shares in the last quarter. Blue Trust Inc. lifted its holdings in Cheniere Energy by 205.4% in the 3rd quarter. Blue Trust Inc. now owns 1,417 shares of the energy company's stock worth $248,000 after buying an additional 953 shares in the last quarter. Raymond James & Associates grew its stake in shares of Cheniere Energy by 9.8% during the third quarter. Raymond James & Associates now owns 310,715 shares of the energy company's stock valued at $55,879,000 after acquiring an additional 27,669 shares in the last quarter. Finally, Toth Financial Advisory Corp grew its stake in shares of Cheniere Energy by 1,737.1% during the third quarter. Toth Financial Advisory Corp now owns 5,346 shares of the energy company's stock valued at $961,000 after acquiring an additional 5,055 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

LNG stock traded down $6.02 during trading on Friday, reaching $220.90. 2,487,404 shares of the company's stock were exchanged, compared to its average volume of 2,424,408. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The firm has a market cap of $49.56 billion, a PE ratio of 14.11 and a beta of 0.98. The company's fifty day moving average price is $222.92 and its 200-day moving average price is $203.27. 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 posted its quarterly earnings data 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. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. On average, research analysts expect that Cheniere Energy, Inc. will post 12.77 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. Cheniere Energy's dividend payout ratio is presently 12.77%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. TD Cowen upped their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a report on Monday, January 27th. Scotiabank upped their target price on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. Wells Fargo & Company increased 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. The Goldman Sachs Group raised their price objective on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Finally, UBS Group increased their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Cheniere Energy currently has an average rating of "Moderate Buy" and a consensus target price of $235.75.

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.