Cheniere Energy, Inc. $LNG Shares Acquired by Ethic Inc.

Ethic Inc. raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 21.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 25,042 shares of the energy company’s stock after acquiring an additional 4,448 shares during the quarter. Ethic Inc.’s holdings in Cheniere Energy were worth $5,884,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LNG. Altman Advisors Inc. grew its stake in Cheniere Energy by 0.4% during the 2nd quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company’s stock worth $2,409,000 after purchasing an additional 44 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in Cheniere Energy by 1.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,268 shares of the energy company’s stock valued at $768,000 after purchasing an additional 47 shares in the last quarter. Bailard Inc. boosted its stake in shares of Cheniere Energy by 0.7% in the 2nd quarter. Bailard Inc. now owns 6,663 shares of the energy company’s stock valued at $1,623,000 after buying an additional 49 shares during the period. Titleist Asset Management LLC boosted its stake in shares of Cheniere Energy by 1.5% in the 2nd quarter. Titleist Asset Management LLC now owns 3,309 shares of the energy company’s stock valued at $806,000 after buying an additional 50 shares during the period. Finally, GM Advisory Group LLC grew its position in shares of Cheniere Energy by 5.0% during the second quarter. GM Advisory Group LLC now owns 1,050 shares of the energy company’s stock worth $256,000 after buying an additional 50 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cheniere Energy

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

Cheniere Energy Price Performance

Shares of LNG opened at $192.48 on Tuesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $257.65. The stock has a market cap of $41.43 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 4.64 and a beta of 0.26. The firm has a fifty day moving average price of $205.02 and a 200 day moving average price of $224.09.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping 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 business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the previous year, the firm earned $3.93 earnings per share. The business’s revenue was up 18.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were paid a $0.555 dividend. This is an increase 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 was Friday, November 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.37%.

Analysts Set New Price Targets

LNG has been the topic of several analyst reports. Erste Group Bank cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Jefferies Financial Group set a $290.00 price objective on shares of Cheniere Energy in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Cheniere Energy in a research note on Tuesday, December 23rd. Bank of America cut their price target on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $254.00 price target on shares of Cheniere Energy in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $267.53.

About Cheniere Energy

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.