Martingale Asset Management L P Grows Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Martingale Asset Management L P increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 21.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,926 shares of the energy company's stock after acquiring an additional 17,158 shares during the quarter. Martingale Asset Management L P's holdings in Cheniere Energy were worth $21,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its position in shares of Cheniere Energy by 10.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company's stock valued at $886,664,000 after buying an additional 379,142 shares during the period. Invesco Ltd. grew its holdings in Cheniere Energy by 16.1% in the fourth quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock worth $695,599,000 after purchasing an additional 450,031 shares during the period. Norges Bank purchased a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $629,197,000. Amundi boosted its position in shares of Cheniere Energy by 19.9% in the 4th quarter. Amundi now owns 2,696,002 shares of the energy company's stock worth $606,907,000 after purchasing an additional 448,189 shares in the last quarter. Finally, TD Asset Management Inc. boosted its holdings in Cheniere Energy by 5.2% in the fourth quarter. TD Asset Management Inc. now owns 1,841,988 shares of the energy company's stock worth $395,788,000 after acquiring an additional 91,554 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was 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 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 at this link. Corporate insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. StockNews.com upgraded Cheniere Energy from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research report on Thursday, March 6th. Mizuho boosted their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Finally, Barclays upped their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $239.79.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock traded up $7.39 on Friday, hitting $220.23. 2,731,654 shares of the company traded hands, compared to its average volume of 1,881,872. The stock has a market capitalization of $49.26 billion, a P/E ratio of 15.48 and a beta of 0.67. The business has a 50-day simple moving average of $219.56 and a 200 day simple moving average of $213.47. 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 52 week low of $152.88 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $4.44 billion. Research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given 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 yield of 0.91%. 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.