10Elms LLP Buys New Position in Cheniere Energy, Inc. (NYSE:LNG)

10Elms LLP purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 541 shares of the energy company’s stock, valued at approximately $116,000.

A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in Cheniere Energy during the fourth quarter worth approximately $629,197,000. Ninety One UK Ltd increased its position in shares of Cheniere Energy by 1,400.7% during the 4th quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company’s stock valued at $324,393,000 after purchasing an additional 1,409,116 shares during the period. Two Sigma Advisers LP increased its position in shares of Cheniere Energy by 84.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company’s stock valued at $354,858,000 after purchasing an additional 756,900 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Cheniere Energy by 61.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after buying an additional 631,787 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at $130,772,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Scotiabank dropped their price target on shares of Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 29th. UBS Group reaffirmed a “buy” rating and issued a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. Mizuho boosted their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. TD Cowen raised their target price on shares of Cheniere Energy from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Finally, StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $252.23.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $232.75 on Wednesday. The stock has a market cap of $51.62 billion, a PE ratio of 16.36 and a beta of 0.41. Cheniere Energy, Inc. has a 12 month low of $153.03 and a 12 month high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The business has a fifty day simple moving average of $227.36 and a 200-day simple moving average of $222.35.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.13 EPS. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Friday, May 9th were issued a $0.50 dividend. The ex-dividend date was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.86%. Cheniere Energy’s dividend payout ratio is currently 14.63%.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. This represents a 20.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by insiders.

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.