Generali Asset Management SPA SGR Purchases Shares of 17,933 Cheniere Energy, Inc. (NYSE:LNG)

Generali Asset Management SPA SGR bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 17,933 shares of the energy company's stock, valued at approximately $3,853,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Miracle Mile Advisors LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at $2,127,000. Fractal Investments LLC boosted its holdings in shares of Cheniere Energy by 31.0% during the 4th 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 during the last quarter. Anderson Hoagland & Co. purchased a new stake in shares of Cheniere Energy during the 4th quarter valued at about $2,460,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Cheniere Energy by 31.4% in 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 shares of Cheniere Energy during the fourth quarter valued at approximately $4,455,000. Institutional investors own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LNG. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a report on Thursday, March 6th. Argus assumed coverage on Cheniere Energy in a research note on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price target on the stock. TD Cowen upped their price objective on Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Wells Fargo & Company raised their target price on Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Finally, Barclays boosted their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $239.79.

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Insiders Place Their Bets

In other 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 owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Cheniere Energy Price Performance

Shares of NYSE LNG traded down $2.99 during midday trading on Friday, reaching $227.24. The stock had a trading volume of 2,394,650 shares, compared to its average volume of 1,747,428. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a 12-month low of $152.88 and a 12-month high of $257.65. The stock has a 50-day moving average of $225.03 and a 200-day moving average of $208.94. The company has a market capitalization of $50.83 billion, a price-to-earnings ratio of 15.97 and a beta of 0.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results 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. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

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

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.