Clarius Group LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,118 shares of the energy company's stock, valued at approximately $240,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in Cheniere Energy by 3.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company's stock worth $978,047,000 after acquiring an additional 167,575 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock worth $755,410,000 after purchasing an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Cheniere Energy by 91.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company's stock worth $673,927,000 after purchasing an additional 1,789,919 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Cheniere Energy by 11.0% in the 3rd 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 worth $322,631,000 after purchasing an additional 178,318 shares in the last quarter. Finally, Darlington Partners Capital Management LP increased its stake in Cheniere Energy by 74.6% in the 2nd quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company's stock valued at $264,720,000 after buying an additional 647,096 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on LNG shares. Wells Fargo & Company upped their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. UBS Group increased their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Scotiabank initiated coverage on Cheniere Energy in a research note on Friday, January 10th. They set a "sector outperform" rating and a $242.00 price target for the company. The Goldman Sachs Group boosted their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Finally, Barclays raised their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $231.18.
Read Our Latest Stock Analysis on Cheniere Energy
Cheniere Energy Trading Down 0.4 %
Cheniere Energy stock traded down $0.96 during mid-day trading on Monday, hitting $252.70. The company's stock had a trading volume of 2,454,749 shares, compared to its average volume of 1,232,545. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $257.65. The stock has a market cap of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99. The business has a 50 day moving average price of $219.76 and a 200-day moving average price of $195.63.
Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $2.06. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. Cheniere Energy's revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.37 earnings per share. As a group, analysts forecast that Cheniere Energy, Inc. will post 12.66 EPS for the current year.
Cheniere Energy Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Friday, November 8th. Cheniere Energy's dividend payout ratio (DPR) is currently 12.77%.
Cheniere Energy Profile
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Free Report)
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.
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