Burney Co. Takes Position in Cheniere Energy, Inc. $LNG

Burney Co. purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,430 shares of the energy company’s stock, valued at approximately $348,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LNG. Kingstone Capital Partners Texas LLC acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at $384,806,000. Nuveen LLC bought a new stake in shares of Cheniere Energy during the first quarter worth $294,793,000. Massachusetts Financial Services Co. MA increased its position in shares of Cheniere Energy by 12.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock worth $1,078,450,000 after acquiring an additional 534,033 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Cheniere Energy by 33.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company’s stock worth $470,151,000 after acquiring an additional 504,960 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Cheniere Energy by 25.7% during the first quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock worth $554,265,000 after acquiring an additional 488,994 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Insiders Place Their Bets

In other Cheniere Energy news, Director W Benjamin Moreland purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the purchase, the director owned 9,856 shares in the company, valued at approximately $2,052,216.32. The trade was a 102.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

Cheniere Energy Trading Down 0.5%

Shares of Cheniere Energy stock opened at $205.68 on Thursday. Cheniere Energy, Inc. has a 12-month low of $188.70 and a 12-month high of $257.65. The stock has a market cap of $45.20 billion, a P/E ratio of 12.01, a P/E/G ratio of 6.08 and a beta of 0.37. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The business’s 50 day moving average is $229.02 and its 200-day moving average is $232.71.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 30th. The energy company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the prior year, the business posted $3.93 EPS. The business’s revenue was up 18.0% compared to the same quarter last year. Equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Friday, November 7th will be paid a $0.555 dividend. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, November 7th. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.37%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LNG. TD Cowen increased their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Raymond James Financial reiterated a “strong-buy” rating and issued a $278.00 price objective (up from $275.00) on shares of Cheniere Energy in a report on Friday, October 24th. Barclays reiterated an “overweight” rating and issued a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $268.73.

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.