Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Basso Capital Management L.P.

Basso Capital Management L.P. lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,450 shares of the energy company’s stock after acquiring an additional 100 shares during the period. Cheniere Energy accounts for approximately 0.6% of Basso Capital Management L.P.’s portfolio, making the stock its 28th biggest holding. Basso Capital Management L.P.’s holdings in Cheniere Energy were worth $741,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB boosted its stake in Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after buying an additional 75 shares during the last quarter. WR Wealth Planners LLC boosted its stake in Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after buying an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Cheniere Energy in the 4th quarter worth about $29,000. Adirondack Trust Co. acquired a new stake in Cheniere Energy in the 4th quarter worth about $43,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Cheniere Energy in the 4th quarter worth about $46,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $218.61 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a one year low of $152.88 and a one year high of $257.65. The business’s 50-day simple moving average is $224.85 and its 200 day simple moving average is $207.63. The company has a market cap of $48.90 billion, a P/E ratio of 15.36 and a beta of 0.94.

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 analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s payout ratio is 14.05%.

Analysts Set New Price Targets

LNG has been the topic of a number of research analyst reports. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. The Goldman Sachs Group raised their price objective on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Morgan Stanley raised their price objective on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Barclays raised their price objective on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $236.33.

Insider Activity at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following 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 legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

About Cheniere Energy

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.