Mitsubishi UFJ Asset Management UK Ltd. Acquires Shares of 2,000 Cheniere Energy, Inc. (NYSE:LNG)

Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,000 shares of the energy company's stock, valued at approximately $430,000.

Several other institutional investors and hedge funds have also modified their holdings of LNG. Bank of New York Mellon Corp purchased a new position in shares of Cheniere Energy during the 2nd quarter worth $441,000. XTX Topco Ltd acquired a new position in Cheniere Energy in the second quarter valued at $210,000. AE Wealth Management LLC purchased a new position in Cheniere Energy during the second quarter worth about $490,000. Summit Trail Advisors LLC acquired a new stake in Cheniere Energy in the 2nd quarter worth about $300,000. Finally, Gabelli Funds LLC grew its holdings in Cheniere Energy by 90.3% in the 2nd quarter. Gabelli Funds LLC now owns 5,900 shares of the energy company's stock valued at $1,031,000 after buying an additional 2,800 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Down 6.5 %

Cheniere Energy stock traded down $16.16 during midday trading on Wednesday, hitting $233.47. 4,848,337 shares of the company were exchanged, compared to its average volume of 2,314,068. The company has a market cap of $52.38 billion, a PE ratio of 14.91 and a beta of 0.99. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65. The company's fifty day moving average price is $221.23 and its 200-day moving average price is $196.72. 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 (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.76 billion. During the same period in the previous year, the company posted $2.37 earnings per share. The business's revenue for the quarter was down 9.5% compared to the same quarter last year. On average, research analysts predict that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. Cheniere Energy's dividend payout ratio is presently 12.77%.

Analysts Set New Price Targets

LNG has been the topic of several recent analyst reports. Bank of America assumed coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a "buy" rating and a $215.00 price objective on the stock. Scotiabank lifted their price target on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a "sector outperform" rating in a report on Tuesday. Wells Fargo & Company upped their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. TD Cowen lifted their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. 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 report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $231.64.

Cheniere Energy 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.