Renaissance Technologies LLC Buys 270,105 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Renaissance Technologies LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 54.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 765,953 shares of the energy company's stock after purchasing an additional 270,105 shares during the quarter. Renaissance Technologies LLC owned 0.34% of Cheniere Energy worth $164,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Miracle Mile Advisors LLC purchased a new stake in Cheniere Energy in the 4th quarter valued at about $2,127,000. Fractal Investments LLC grew its holdings in shares of Cheniere Energy by 31.0% in the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company's stock valued at $12,720,000 after acquiring an additional 14,000 shares in the last quarter. Anderson Hoagland & Co. purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $2,460,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Cheniere Energy by 31.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company's stock worth $7,812,000 after acquiring an additional 8,756 shares during the period. Finally, Insight Wealth Strategies LLC purchased a new position in Cheniere Energy in the fourth quarter worth $4,455,000. Institutional investors own 87.26% of the company's stock.

Insider Buying and Selling

In related 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 transaction of $1,975,590.00. Following the transaction, the director now owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

Several analysts have commented on LNG shares. 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 report on Tuesday, March 18th. Morgan Stanley lifted their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a report on Thursday, March 6th. Barclays raised their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Finally, UBS Group reaffirmed a "buy" rating and set a $277.00 price target on shares of Cheniere Energy in a research report on Tuesday, March 18th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $239.79.

Cheniere Energy Price Performance

Shares of NYSE LNG traded up $7.39 during trading hours on Friday, reaching $220.23. 2,731,654 shares of the stock traded hands, compared to its average volume of 1,881,872. The company's 50-day simple moving average is $219.56 and its two-hundred day simple moving average is $213.47. The company has a market capitalization of $49.26 billion, a P/E ratio of 15.48 and a beta of 0.67. Cheniere Energy, Inc. has a 52-week low of $152.88 and a 52-week high of $257.65. 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 results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $1.59. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was 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 currently 14.05%.

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.