KLP Kapitalforvaltning AS Takes Position in Cheniere Energy, Inc. (NYSE:LNG)

KLP Kapitalforvaltning AS purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 87,676 shares of the energy company's stock, valued at approximately $18,839,000.

Several other institutional investors have also bought and sold shares of the business. Thrivent Financial for Lutherans lifted its holdings in shares of Cheniere Energy by 89.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,945 shares of the energy company's stock valued at $1,069,000 after acquiring an additional 2,808 shares during the last quarter. Pathstone Holdings LLC lifted its stake in shares of Cheniere Energy by 10.1% in the 3rd quarter. Pathstone Holdings LLC now owns 15,871 shares of the energy company's stock valued at $2,854,000 after purchasing an additional 1,460 shares during the last quarter. Prospera Financial Services Inc lifted its stake in shares of Cheniere Energy by 2.4% in the 3rd quarter. Prospera Financial Services Inc now owns 3,891 shares of the energy company's stock valued at $700,000 after purchasing an additional 90 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Cheniere Energy by 14.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 9,978 shares of the energy company's stock valued at $1,794,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Cheniere Energy by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,200 shares of the energy company's stock valued at $169,086,000 after purchasing an additional 15,675 shares during the last quarter. Institutional investors own 87.26% of the company's stock.

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Analysts Set New Price Targets

Several research firms have commented on LNG. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Argus started coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They set a "buy" rating and a $255.00 price target on the stock. Morgan Stanley increased their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. StockNews.com upgraded Cheniere Energy from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, 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. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Cheniere Energy has a consensus rating of "Moderate Buy" and an average target price of $239.79.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the firm's 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 completion of the transaction, the director now directly owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.29% of the stock is owned by insiders.

Cheniere Energy Stock Down 0.3 %

NYSE LNG traded down $0.63 during trading on Friday, hitting $226.16. The company's stock had a trading volume of 1,330,610 shares, compared to its average volume of 1,817,330. Cheniere Energy, Inc. has a fifty-two week low of $152.88 and a fifty-two week high of $257.65. The company has a market cap of $50.58 billion, a PE ratio of 15.89 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The business's 50 day simple moving average is $223.55 and its 200-day simple moving average is $210.47.

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

Cheniere Energy Announces Dividend

The business also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's dividend payout ratio (DPR) 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.