Oppenheimer & Co. Inc. Purchases 2,554 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Oppenheimer & Co. Inc. increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 11.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,042 shares of the energy company’s stock after buying an additional 2,554 shares during the period. Oppenheimer & Co. Inc.’s holdings in Cheniere Energy were worth $5,381,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its holdings in Cheniere Energy by 4.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,285 shares of the energy company’s stock worth $2,210,000 after buying an additional 436 shares during the period. Nwam LLC boosted its holdings in Cheniere Energy by 34.3% in the 4th quarter. Nwam LLC now owns 20,510 shares of the energy company’s stock worth $4,407,000 after buying an additional 5,233 shares during the period. NewEdge Wealth LLC boosted its holdings in Cheniere Energy by 39.2% in the 4th quarter. NewEdge Wealth LLC now owns 6,969 shares of the energy company’s stock worth $1,497,000 after buying an additional 1,961 shares during the period. Lingotto Investment Management LLP lifted its stake in Cheniere Energy by 41.5% in the 4th quarter. Lingotto Investment Management LLP now owns 32,443 shares of the energy company’s stock worth $6,971,000 after purchasing an additional 9,507 shares in the last quarter. Finally, Sprott Inc. lifted its stake in Cheniere Energy by 3.9% in the 4th quarter. Sprott Inc. now owns 5,296 shares of the energy company’s stock worth $1,138,000 after purchasing an additional 197 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on LNG shares. StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. TD Cowen boosted their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Scotiabank boosted their price target on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus boosted their price target on shares of Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $235.75.

Insider Activity at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the transaction, the director now directly owns 33,934 shares in the company, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.29% of the stock is currently owned by insiders.

Cheniere Energy Stock Up 3.9 %

Shares of NYSE LNG opened at $228.51 on Friday. The firm’s 50-day moving average price is $224.28 and its 200-day moving average price is $205.01. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $51.11 billion, a price-to-earnings ratio of 16.06 and a beta of 0.98. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $1.59. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.88%. Cheniere Energy’s payout ratio is 14.05%.

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.