Cheniere Energy, Inc. (NYSE:LNG) Position Boosted by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S raised its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 136.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,953 shares of the energy company's stock after acquiring an additional 63,940 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Cheniere Energy were worth $23,840,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LNG. Dimensional Fund Advisors LP boosted its stake in shares of Cheniere Energy by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,184,891 shares of the energy company's stock worth $469,448,000 after purchasing an additional 59,281 shares during the last quarter. Epoch Investment Partners Inc. boosted its position in Cheniere Energy by 5.9% during the fourth quarter. Epoch Investment Partners Inc. now owns 394,813 shares of the energy company's stock worth $84,833,000 after acquiring an additional 22,014 shares during the last quarter. Forum Financial Management LP boosted its position in Cheniere Energy by 2.0% during the fourth quarter. Forum Financial Management LP now owns 2,822 shares of the energy company's stock worth $606,000 after acquiring an additional 56 shares during the last quarter. Freedom Investment Management Inc. purchased a new stake in Cheniere Energy in the 4th quarter worth approximately $713,000. Finally, CANADA LIFE ASSURANCE Co raised its holdings in Cheniere Energy by 0.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 88,390 shares of the energy company's stock valued at $19,117,000 after acquiring an additional 736 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction that occurred on 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 sale, the director now directly owns 33,934 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.29% of the company's stock.

Cheniere Energy Stock Down 0.7 %

NYSE:LNG traded down $1.59 during mid-day trading on Wednesday, hitting $228.21. The company had a trading volume of 2,181,609 shares, compared to its average volume of 1,884,364. Cheniere Energy, Inc. has a 1 year low of $153.03 and a 1 year high of $257.65. The business has a fifty day simple moving average of $220.91 and a 200-day simple moving average of $215.66. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $50.85 billion, a price-to-earnings ratio of 16.04 and a beta of 0.67.

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

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. Cheniere Energy's payout ratio is currently 14.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LNG shares. Argus assumed coverage on Cheniere Energy in a report on Tuesday, March 18th. They set a "buy" rating and a $255.00 price objective on the stock. Barclays lifted their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a report on Thursday, March 6th. TD Cowen raised their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Stifel Nicolaus dropped their price target on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a research report on Tuesday. Fifteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $245.15.

Cheniere Energy 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.