Norges Bank Purchases New Position in Cheniere Energy, Inc. (NYSE:LNG)

Norges Bank bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,928,267 shares of the energy company's stock, valued at approximately $629,197,000. Norges Bank owned approximately 1.31% of Cheniere Energy at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Wellington Management Group LLP increased its holdings in Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock valued at $755,410,000 after buying an additional 2,776,920 shares in the last quarter. Ninety One UK Ltd increased 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 in the last quarter. Two Sigma Advisers LP increased 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 in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Cheniere Energy by 61.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company's stock worth $357,638,000 after purchasing an additional 631,787 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Cheniere Energy in the fourth quarter valued at $130,772,000. 87.26% of the stock is owned by institutional investors and hedge funds.

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Cheniere Energy Trading Down 0.4 %

NYSE:LNG traded down $0.88 during mid-day trading on Tuesday, reaching $230.52. The company's stock had a trading volume of 972,986 shares, compared to its average volume of 2,235,993. 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 stock has a market cap of $51.56 billion, a P/E ratio of 16.20 and a beta of 0.94. The company's fifty day simple moving average is $223.12 and its two-hundred day simple moving average is $211.32. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65.

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

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. Cheniere Energy's dividend payout ratio is presently 14.05%.

Insider Transactions at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the 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 sale, the director now owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group reaffirmed a "buy" rating and set a $277.00 price target on shares of Cheniere Energy in a research note on Tuesday, March 18th. Mizuho lifted their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research report on Thursday, March 6th. TD Cowen lifted their price objective on Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Barclays upped their target price 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 research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $239.79.

About Cheniere Energy

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.