Dividend Assets Capital LLC Makes New $588,000 Investment in Cheniere Energy, Inc. (NYSE:LNG)

Dividend Assets Capital LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,540 shares of the energy company's stock, valued at approximately $588,000.

Other hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake in shares of Cheniere Energy by 4.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company's stock valued at $1,220,858,000 after buying an additional 243,418 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position 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 valued at $886,664,000 after acquiring an additional 379,142 shares during the last quarter. Invesco Ltd. grew its position in Cheniere Energy by 16.1% in the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock valued at $695,599,000 after acquiring an additional 450,031 shares during the last quarter. Norges Bank purchased a new stake in Cheniere Energy in the fourth quarter worth $629,197,000. Finally, Amundi lifted its position in shares of Cheniere Energy by 19.9% during the fourth quarter. Amundi now owns 2,696,002 shares of the energy company's stock worth $606,907,000 after purchasing an additional 448,189 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Down 0.1%

Shares of Cheniere Energy stock traded down $0.24 on Thursday, reaching $234.76. The stock had a trading volume of 1,294,563 shares, compared to its average volume of 1,895,165. 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 stock has a market capitalization of $52.07 billion, a P/E ratio of 16.50 and a beta of 0.43. The company has a 50 day moving average price of $230.24 and a 200 day moving average price of $225.01. Cheniere Energy, Inc. has a 1 year low of $154.82 and a 1 year high of $257.65.

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

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Friday, May 9th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Friday, May 9th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Insiders Place Their Bets

In related news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the transaction, the director now directly owns 29,733 shares of the company's stock, valued at $7,312,236.69. This trade represents a 12.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. TD Cowen raised their price target on shares of Cheniere Energy from $250.00 to $260.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Stifel Nicolaus reduced their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Scotiabank decreased their price target on shares of Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Raymond James reissued a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Finally, UBS Group reiterated a "buy" rating and issued a $277.00 target price on shares of Cheniere Energy in a report on Tuesday, March 18th. Two equities 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.23.

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.