41,351 Shares in Cheniere Energy, Inc. $LNG Purchased by LMR Partners LLP

LMR Partners LLP bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 41,351 shares of the energy company’s stock, valued at approximately $10,070,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $335,000. Benjamin Edwards Inc. bought a new position in Cheniere Energy during the 1st quarter valued at $361,000. Independent Advisor Alliance boosted its stake in Cheniere Energy by 33.8% during the 1st quarter. Independent Advisor Alliance now owns 2,560 shares of the energy company’s stock valued at $592,000 after purchasing an additional 646 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Cheniere Energy by 0.8% during the 1st quarter. HighTower Advisors LLC now owns 159,909 shares of the energy company’s stock valued at $37,003,000 after purchasing an additional 1,310 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Cheniere Energy by 2,587.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 215 shares of the energy company’s stock worth $50,000 after buying an additional 207 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LNG has been the subject of several research reports. Mizuho raised their target price on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Bank of America dropped their price target on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a research report on Thursday. BMO Capital Markets assumed coverage on shares of Cheniere Energy in a research report on Friday, September 19th. They set an “outperform” rating and a $268.00 price objective for the company. Scotiabank lowered their price objective on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 13th. Finally, Erste Group Bank lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. 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 currently has an average rating of “Moderate Buy” and a consensus price target of $268.47.

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 dated Tuesday, November 4th. The stock was bought at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the acquisition, the director directly owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Cheniere Energy Price Performance

NYSE LNG opened at $189.52 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 2.12. Cheniere Energy, Inc. has a 1 year low of $188.70 and a 1 year high of $257.65. The company has a market cap of $40.79 billion, a PE ratio of 10.56, a PEG ratio of 5.02 and a beta of 0.26. The stock’s 50-day moving average price is $213.23 and its two-hundred day moving average price is $227.83.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $2.75 by $2.00. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same period last year, the firm posted $3.93 earnings per share. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were paid a dividend of $0.555 per share. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, November 7th. This represents a $2.22 annualized dividend and a yield of 1.2%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.37%.

Cheniere Energy Company 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.