Sciencast Management LP Acquires New Shares in Cheniere Energy, Inc. (NYSE:LNG)

Sciencast Management LP acquired a new stake 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 SEC. The institutional investor acquired 12,050 shares of the energy company's stock, valued at approximately $2,589,000.

A number of other hedge funds also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB lifted its position in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock worth $26,000 after buying an additional 75 shares in the last quarter. WR Wealth Planners LLC increased its stake in shares of Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after acquiring an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cheniere Energy during the 4th quarter worth $29,000. Adirondack Trust Co. acquired a new position in shares of Cheniere Energy during the 4th quarter valued at about $43,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Cheniere Energy during the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Insider Activity

In other news, Director G Andrea Botta sold 9,000 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.29% of the company's stock.

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Analysts Set New Price Targets

Several analysts have recently commented on LNG shares. Barclays lifted their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Argus started coverage on Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 target price on the stock. StockNews.com raised Cheniere Energy from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Stifel Nicolaus raised their price objective on Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, UBS Group reaffirmed a "buy" rating and issued a $277.00 target price on shares of Cheniere Energy in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and fifteen have given 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 target price of $239.79.

Cheniere Energy Trading Up 0.2 %

LNG stock traded up $0.38 on Wednesday, hitting $232.38. 1,191,587 shares of the company were exchanged, compared to its average volume of 1,745,659. 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 capitalization of $51.97 billion, a price-to-earnings ratio of 16.33 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65. The business's fifty day moving average is $224.89 and its two-hundred day moving average is $209.86.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. As a group, research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's dividend payout ratio (DPR) is 14.05%.

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.