Fulton Bank N.A. Invests $391,000 in Cheniere Energy, Inc. (NYSE:LNG)

Fulton Bank N.A. purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,691 shares of the energy company's stock, valued at approximately $391,000.

Several other large investors have also made changes to their positions in LNG. The Manufacturers Life Insurance Company lifted its stake in shares of Cheniere Energy by 4.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company's stock worth $1,220,858,000 after buying an additional 243,418 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Cheniere Energy by 10.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company's stock worth $886,664,000 after acquiring an additional 379,142 shares during the period. Invesco Ltd. lifted its position in Cheniere Energy by 16.1% during the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock worth $695,599,000 after acquiring an additional 450,031 shares during the last quarter. Norges Bank bought a new stake in Cheniere Energy during the fourth quarter valued at about $629,197,000. Finally, Amundi grew its position in shares of Cheniere Energy by 19.9% in the fourth quarter. Amundi now owns 2,696,002 shares of the energy company's stock valued at $606,907,000 after purchasing an additional 448,189 shares during the last quarter. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Price Performance

Shares of NYSE LNG traded down $0.87 during trading on Friday, reaching $243.02. The company had a trading volume of 2,171,270 shares, compared to its average volume of 1,878,599. Cheniere Energy, Inc. has a 52 week low of $154.82 and a 52 week high of $257.65. The business's 50 day moving average price is $229.15 and its 200-day moving average price is $224.67. The stock has a market cap of $53.90 billion, a PE ratio of 17.08 and a beta of 0.43. 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 (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($1.24). The firm 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 firm's quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 EPS. Analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy's dividend payout ratio (DPR) is currently 14.63%.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Argus began coverage on Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price objective for the company. Mizuho boosted their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. TD Cowen raised their price objective on Cheniere Energy from $250.00 to $260.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Raymond James reissued a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Cheniere Energy presently has a consensus rating of "Moderate Buy" and an average target price of $252.23.

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.