Nordea Investment Management AB Acquires 3,059 Shares of Cheniere Energy, Inc. $LNG

Nordea Investment Management AB increased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 2.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 112,344 shares of the energy company’s stock after purchasing an additional 3,059 shares during the period. Nordea Investment Management AB owned approximately 0.05% of Cheniere Energy worth $26,176,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. grew its stake in shares of Cheniere Energy by 718.1% in the second quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock worth $406,000 after purchasing an additional 1,465 shares during the last quarter. Morningstar Investment Management LLC bought a new stake in shares of Cheniere Energy in the 2nd quarter worth approximately $1,723,000. Railway Pension Investments Ltd grew its position in shares of Cheniere Energy by 62.9% in the 3rd quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock worth $182,626,000 after buying an additional 300,100 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Cheniere Energy by 3.3% during the second quarter. QRG Capital Management Inc. now owns 39,440 shares of the energy company’s stock valued at $9,604,000 after buying an additional 1,273 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in shares of Cheniere Energy by 9.5% during the second quarter. Baird Financial Group Inc. now owns 97,267 shares of the energy company’s stock valued at $23,686,000 after acquiring an additional 8,449 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

LNG stock opened at $202.52 on Friday. The company has a market cap of $43.59 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 6.41 and a beta of 0.26. 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’s fifty day moving average price is $200.22 and its 200-day moving average price is $220.59.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the firm posted $3.93 earnings per share. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were paid a $0.555 dividend. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, November 7th. This represents a $2.22 annualized dividend and a dividend yield of 1.1%. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.37%.

Insider Buying and Selling

In related news, Director W Benjamin Moreland purchased 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was acquired 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 of the company’s stock, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Cheniere Energy in a report on Monday, December 29th. Erste Group Bank lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $275.00 price target on shares of Cheniere Energy in a research note on Monday, November 3rd. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $278.00 target price (up from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and an average price target of $265.06.

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.