Cheniere Energy, Inc. (NYSE:LNG) Stock Position Increased by Recurrent Investment Advisors LLC

Recurrent Investment Advisors LLC grew its stake in Cheniere Energy, Inc. (NYSE:LNG) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 371,715 shares of the energy company’s stock after acquiring an additional 3,975 shares during the quarter. Cheniere Energy accounts for 7.3% of Recurrent Investment Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Recurrent Investment Advisors LLC owned about 0.17% of Cheniere Energy worth $79,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of LNG. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cheniere Energy during the 4th quarter valued at about $1,615,000. Point72 Hong Kong Ltd bought a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $12,619,000. Quantinno Capital Management LP raised its holdings in Cheniere Energy by 40.7% in the 4th quarter. Quantinno Capital Management LP now owns 20,822 shares of the energy company’s stock worth $4,474,000 after acquiring an additional 6,022 shares during the last quarter. NorthRock Partners LLC bought a new position in Cheniere Energy in the 4th quarter valued at approximately $351,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in Cheniere Energy during the 4th quarter valued at $1,924,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays increased their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, April 28th. Morgan Stanley boosted their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Raymond James restated a “strong-buy” rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Finally, Wolfe Research downgraded shares of Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus target price of $252.23.

Insiders Place Their Bets

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 transaction, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. This represents a 20.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Stock Performance

LNG opened at $232.37 on Thursday. The company has a 50 day simple moving average of $225.67 and a two-hundred day simple moving average of $220.76. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The firm has a market cap of $51.78 billion, a P/E ratio of 16.33 and a beta of 0.41. Cheniere Energy, Inc. has a 1-year low of $153.03 and a 1-year high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter in the previous year, the company posted $2.13 EPS. The company’s quarterly revenue was up 28.0% on a year-over-year basis. Equities analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Friday, May 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.00 annualized dividend and a yield of 0.86%. Cheniere Energy’s payout ratio is 14.63%.

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.