DnB Asset Management AS Has $9.50 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

DnB Asset Management AS grew its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,233 shares of the energy company's stock after purchasing an additional 1,805 shares during the quarter. DnB Asset Management AS's holdings in Cheniere Energy were worth $9,504,000 at the end of the most recent reporting period.

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

Cheniere Energy Stock Performance

Shares of NYSE LNG traded down $0.80 during mid-day trading on Tuesday, reaching $230.60. 1,450,443 shares of the company were exchanged, compared to its average volume of 1,817,320. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65. The stock has a market capitalization of $51.58 billion, a P/E ratio of 16.20 and a beta of 0.94. The company's 50-day simple moving average is $223.12 and its 200-day simple moving average is $211.32. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

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Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.74 by $1.59. The company had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. As a group, research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Friday, February 7th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.05%.

Insider Buying and Selling

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction that occurred on 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 sale, the director now directly owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Argus started coverage on Cheniere Energy in a research note on Tuesday, March 18th. They issued a "buy" rating and a $255.00 target price on the stock. TD Cowen increased their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, January 27th. UBS Group reaffirmed a "buy" rating and issued a $277.00 target price on shares of Cheniere Energy in a research note on Tuesday, March 18th. Barclays boosted their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Finally, The Goldman Sachs Group lifted their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $239.79.

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.