Occudo Quantitative Strategies LP Invests $1.92 Million in Cheniere Energy, Inc. (NYSE:LNG)

Occudo Quantitative Strategies LP bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,956 shares of the energy company's stock, valued at approximately $1,924,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its stake in Cheniere Energy by 10.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company's stock valued at $99,000 after buying an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in Cheniere Energy by 2.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company's stock worth $503,000 after purchasing an additional 46 shares during the last quarter. BIP Wealth LLC boosted its holdings in Cheniere Energy by 1.4% during the fourth quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock worth $762,000 after purchasing an additional 50 shares during the last quarter. NDVR Inc. grew its position in Cheniere Energy by 4.8% in the fourth quarter. NDVR Inc. now owns 1,188 shares of the energy company's stock valued at $255,000 after purchasing an additional 54 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in Cheniere Energy by 1.7% during the 4th quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company's stock worth $719,000 after buying an additional 55 shares in the last quarter. Institutional investors own 87.26% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. StockNews.com cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Bank of America upped their price target on shares of Cheniere Energy from $254.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Morgan Stanley boosted their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $252.23.

Cheniere Energy Stock Performance

Shares of NYSE:LNG traded down $0.89 on Friday, reaching $234.83. 1,460,407 shares of the company's stock were exchanged, compared to its average volume of 1,862,699. Cheniere Energy, Inc. has a twelve month low of $153.03 and a twelve month high of $257.65. The company has a fifty day moving average of $226.09 and a 200-day moving average of $221.12. The company has a market capitalization of $52.08 billion, a price-to-earnings ratio of 16.50 and a beta of 0.41. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG - Get Free Report) 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). The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company's quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.13 EPS. On average, research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, May 9th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Insider Activity

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business'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 sale, the director now owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. The trade was a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.26% 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.