Bessemer Group Inc. Has $8.03 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Bessemer Group Inc. increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,378 shares of the energy company's stock after buying an additional 1,359 shares during the period. Bessemer Group Inc.'s holdings in Cheniere Energy were worth $8,032,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LNG. Miracle Mile Advisors LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth about $2,127,000. Fractal Investments LLC boosted its holdings in Cheniere Energy by 31.0% in the 4th quarter. Fractal Investments LLC now owns 59,200 shares of the energy company's stock valued at $12,720,000 after purchasing an additional 14,000 shares during the period. Anderson Hoagland & Co. bought a new position in shares of Cheniere Energy during the 4th quarter worth about $2,460,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cheniere Energy by 31.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company's stock valued at $7,812,000 after buying an additional 8,756 shares during the last quarter. Finally, Insight Wealth Strategies LLC bought a new stake in shares of Cheniere Energy in the fourth quarter valued at about $4,455,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares of the company's stock, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on LNG shares. Morgan Stanley upped their target price on Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. StockNews.com upgraded shares of Cheniere Energy from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Stifel Nicolaus boosted their price target on Cheniere Energy from $237.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Finally, Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a report on Thursday, March 6th. Fifteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $245.77.

Cheniere Energy Stock Up 2.4 %

Shares of NYSE:LNG traded up $5.53 during trading on Thursday, hitting $232.98. 827,292 shares of the company's stock traded hands, compared to its average volume of 1,875,955. Cheniere Energy, Inc. has a 52 week low of $153.03 and a 52 week high of $257.65. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company has a 50-day moving average price of $219.77 and a 200-day moving average price of $214.20. The company has a market cap of $51.91 billion, a price-to-earnings ratio of 16.34 and a beta of 0.67.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping analysts' consensus estimates of $2.74 by $1.59. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. As a group, research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors 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 0.86%. The ex-dividend date was Friday, February 7th. Cheniere Energy's dividend payout ratio is currently 14.05%.

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.