Zurcher Kantonalbank Zurich Cantonalbank Buys 34,616 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 35.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,731 shares of the energy company’s stock after purchasing an additional 34,616 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cheniere Energy were worth $22,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HHM Wealth Advisors LLC bought a new stake in shares of Cheniere Energy during the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Cheniere Energy during the 1st quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Cheniere Energy by 203.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock valued at $29,000 after purchasing an additional 118 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Cheniere Energy during the 3rd quarter worth approximately $40,000. Finally, Geneos Wealth Management Inc. boosted its position in Cheniere Energy by 48.1% during the 3rd quarter. Geneos Wealth Management Inc. now owns 274 shares of the energy company’s stock worth $45,000 after buying an additional 89 shares during the period. 87.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Redburn Atlantic assumed coverage on shares of Cheniere Energy in a research report on Tuesday. They set a “neutral” rating and a $162.00 target price on the stock. Barclays lifted their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Finally, TD Cowen cut their target price on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.30.

Cheniere Energy Stock Up 1.6 %

Cheniere Energy stock opened at $156.81 on Thursday. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46. The company’s fifty day moving average is $158.25. The firm has a market cap of $36.17 billion, a P/E ratio of 3.87 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the previous year, the company earned $15.78 EPS. Cheniere Energy’s quarterly revenue was down 46.9% compared to the same quarter last year. Sell-side analysts expect that Cheniere Energy, Inc. will post 8.39 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.435 per share. The ex-dividend date was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a yield of 1.11%. Cheniere Energy’s dividend payout ratio (DPR) is presently 4.30%.

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.