Fire Capital Management LLC Purchases New Shares in Cheniere Energy, Inc. (NYSE:LNG)

Fire Capital Management LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,978 shares of the energy company's stock, valued at approximately $1,070,000.

Several other hedge funds also recently modified their holdings of the business. Objective Capital Management LLC lifted its position in Cheniere Energy by 8.6% in the fourth quarter. Objective Capital Management LLC now owns 1,851 shares of the energy company's stock worth $398,000 after purchasing an additional 147 shares during the period. 111 Capital acquired a new position in Cheniere Energy during the fourth quarter worth $996,000. Thoma Capital Management LLC acquired a new position in Cheniere Energy during the fourth quarter worth $680,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in Cheniere Energy during the fourth quarter worth $15,912,000. Finally, TFR Capital LLC. acquired a new position in Cheniere Energy during the fourth quarter worth $1,532,000. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Up 2.2%

Shares of LNG traded up $5.13 on Friday, hitting $236.94. The company's stock had a trading volume of 3,960,968 shares, compared to its average volume of 1,878,535. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The firm's fifty day moving average price is $228.03 and its 200-day moving average price is $223.81. Cheniere Energy, Inc. has a fifty-two week low of $154.82 and a fifty-two week high of $257.65. The firm has a market capitalization of $52.55 billion, a price-to-earnings ratio of 16.65 and a beta of 0.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued 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 business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Cheniere Energy's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.13 earnings per share. On average, equities research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Friday, May 9th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy's payout ratio is presently 14.63%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. TD Cowen raised their target price on Cheniere Energy from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Mizuho raised their target price on Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Bank of America raised their target price on Cheniere Energy from $254.00 to $258.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. raised their target price on Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Finally, UBS Group reiterated a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a research report on Tuesday, March 18th. Two research 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 company's stock. Based on data from MarketBeat.com, Cheniere Energy presently has a consensus rating of "Moderate Buy" and a consensus 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.