BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 5,126 Shares of Cheniere Energy, Inc. (NYSE:LNG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 258,529 shares of the energy company's stock after purchasing an additional 5,126 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.12% of Cheniere Energy worth $55,501,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LNG. MassMutual Private Wealth & Trust FSB increased its stake in Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. WR Wealth Planners LLC grew its holdings in shares of Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after buying an additional 97 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cheniere Energy in the 4th quarter valued at $29,000. Banque Transatlantique SA acquired a new stake in Cheniere Energy during the 4th quarter worth $32,000. Finally, Nemes Rush Group LLC lifted its holdings in Cheniere Energy by 2,022.2% during the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock worth $41,000 after acquiring an additional 182 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on LNG shares. Raymond James restated a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their target price on Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Morgan Stanley raised their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. UBS Group reaffirmed a "buy" rating and issued a $277.00 price target on shares of Cheniere Energy in a research note on Tuesday, March 18th. Finally, Scotiabank lowered their price objective on shares of Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 29th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Cheniere Energy has a consensus rating of "Moderate Buy" and an average target price of $252.23.

Insider Buying and Selling

In other news, Director G Andrea Botta sold 9,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was 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 in the company, valued at $7,448,852.34. This represents a 20.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Stock Up 0.3%

Shares of LNG stock traded up $0.62 during trading on Monday, reaching $229.13. The company's stock had a trading volume of 1,351,360 shares, compared to its average volume of 1,868,020. Cheniere Energy, Inc. has a one year low of $153.03 and a one year high of $257.65. The business has a fifty day moving average price of $227.79 and a 200-day moving average price of $223.25. The company has a market cap of $50.82 billion, a price-to-earnings ratio of 16.10 and a beta of 0.41. The company has a quick ratio of 0.98, a current ratio of 1.07 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 the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The firm's quarterly revenue was up 28.0% on a year-over-year basis. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Friday, May 9th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Friday, May 9th. Cheniere Energy's dividend payout ratio is currently 14.63%.

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.