Covea Finance Increases Stock Position in Cheniere Energy, Inc. $LNG

Covea Finance grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 111,300 shares of the energy company’s stock after purchasing an additional 16,800 shares during the quarter. Covea Finance owned approximately 0.05% of Cheniere Energy worth $26,153,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in Cheniere Energy during the 4th quarter worth approximately $335,000. CW Advisors LLC acquired a new stake in shares of Cheniere Energy in the first quarter valued at approximately $479,000. Synovus Financial Corp purchased a new position in shares of Cheniere Energy during the first quarter worth approximately $209,000. Gabelli Funds LLC increased its holdings in shares of Cheniere Energy by 13.5% in the 1st quarter. Gabelli Funds LLC now owns 8,007 shares of the energy company’s stock valued at $1,853,000 after acquiring an additional 950 shares during the period. Finally, CreativeOne Wealth LLC raised its position in Cheniere Energy by 378.1% in the 1st quarter. CreativeOne Wealth LLC now owns 11,604 shares of the energy company’s stock valued at $2,685,000 after purchasing an additional 9,177 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.7%

Shares of Cheniere Energy stock opened at $190.45 on Friday. The firm has a market cap of $40.99 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 4.66 and a beta of 0.26. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $257.65. The company’s 50-day simple moving average is $206.18 and its 200-day simple moving average is $224.77. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same quarter in the previous year, the company earned $3.93 EPS. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were issued a dividend of $0.555 per share. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, November 7th. Cheniere Energy’s dividend payout ratio is currently 12.37%.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland bought 5,000 shares of Cheniere Energy stock in a transaction on Tuesday, November 4th. The stock was bought at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the acquisition, the director owned 9,856 shares in the company, valued at $2,052,216.32. The trade was a 102.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LNG. Raymond James Financial reiterated a “strong-buy” rating and set a $278.00 price target (up previously from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $275.00 target price on shares of Cheniere Energy in a report on Monday, November 3rd. Erste Group Bank lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cheniere Energy in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $267.53.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.