Myriad Asset Management US LP Takes Position in Cheniere Energy, Inc. (NYSE:LNG)

Myriad Asset Management US LP bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,781 shares of the energy company's stock, valued at approximately $2,102,000. Cheniere Energy accounts for about 1.4% of Myriad Asset Management US LP's holdings, making the stock its 19th biggest holding.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP grew its position in shares of Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock worth $755,410,000 after acquiring an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Cheniere Energy by 91.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company's stock worth $673,927,000 after buying an additional 1,789,919 shares during the last quarter. Ninety One UK Ltd raised its stake in Cheniere Energy by 1,400.7% in the 4th quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company's stock valued at $324,393,000 after purchasing an additional 1,409,116 shares during the last quarter. Two Sigma Advisers LP raised its stake in Cheniere Energy by 328.2% in the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company's stock valued at $160,885,000 after purchasing an additional 685,662 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Cheniere Energy by 61.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company's stock valued at $357,638,000 after purchasing an additional 631,787 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Ratings Changes

LNG has been the subject of several recent analyst reports. Scotiabank lifted their price target on Cheniere Energy from $242.00 to $247.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. TD Cowen boosted their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Wells Fargo & Company boosted 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. The Goldman Sachs Group boosted their price target on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $234.25.

Cheniere Energy Trading Up 1.5 %

Shares of NYSE:LNG traded up $3.14 during midday trading on Wednesday, reaching $218.79. The company had a trading volume of 2,884,426 shares, compared to its average volume of 2,384,542. 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 1-year low of $152.31 and a 1-year high of $257.65. The firm has a market cap of $49.09 billion, a price-to-earnings ratio of 13.97 and a beta of 0.98. The company has a fifty day simple moving average of $222.61 and a two-hundred day simple moving average of $202.99.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $0.50 dividend. The ex-dividend date is Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. Cheniere Energy's dividend payout ratio (DPR) is 12.77%.

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.