Cheniere Energy, Inc. $LNG Holdings Boosted by iA Global Asset Management Inc.

iA Global Asset Management Inc. raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 145.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,725 shares of the energy company’s stock after acquiring an additional 6,353 shares during the period. iA Global Asset Management Inc.’s holdings in Cheniere Energy were worth $2,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LNG. Brighton Jones LLC bought a new position in Cheniere Energy during the 4th quarter worth $335,000. Farther Finance Advisors LLC grew its position in shares of Cheniere Energy by 87.5% during the second quarter. Farther Finance Advisors LLC now owns 1,423 shares of the energy company’s stock worth $346,000 after acquiring an additional 664 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in shares of Cheniere Energy by 39.2% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,837 shares of the energy company’s stock worth $447,000 after acquiring an additional 517 shares during the period. Signaturefd LLC lifted its position in Cheniere Energy by 1.5% in the 2nd quarter. Signaturefd LLC now owns 12,434 shares of the energy company’s stock valued at $3,028,000 after purchasing an additional 184 shares during the last quarter. Finally, ORG Wealth Partners LLC boosted its stake in Cheniere Energy by 227.7% during the 2nd quarter. ORG Wealth Partners LLC now owns 462 shares of the energy company’s stock valued at $109,000 after purchasing an additional 321 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. BMO Capital Markets restated an “outperform” rating and issued a $254.00 price target on shares of Cheniere Energy in a research note on Wednesday, December 17th. Erste Group Bank lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a research note on Monday, November 3rd. Weiss Ratings lowered Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Citigroup decreased their price target on Cheniere Energy from $283.00 to $280.00 and set a “buy” rating for the company in a research note on Monday, January 12th. One equities research 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 stock. Based on data from MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus price target of $265.59.

Insiders Place Their Bets

In other Cheniere Energy news, Director W Benjamin Moreland acquired 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 transaction, the director owned 9,856 shares in the company, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $207.35 on Friday. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $246.42. The stock has a market cap of $44.63 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 6.62 and a beta of 0.26. The stock’s 50 day moving average price is $199.48 and its 200 day moving average price is $219.08. 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 (NYSE:LNG) last issued its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.87 billion. During the same period last year, the company posted $3.93 EPS. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. Equities research analysts anticipate 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 was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were given a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.1%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, November 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.37%.

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.