Generate Investment Management Ltd Purchases 134,439 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Generate Investment Management Ltd boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 621.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 156,082 shares of the energy company's stock after acquiring an additional 134,439 shares during the period. Cheniere Energy accounts for 2.5% of Generate Investment Management Ltd's portfolio, making the stock its 8th largest position. Generate Investment Management Ltd owned 0.07% of Cheniere Energy worth $36,117,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LNG. Martin Investment Management LLC increased its holdings in Cheniere Energy by 615.4% in the fourth quarter. Martin Investment Management LLC now owns 28,223 shares of the energy company's stock valued at $6,064,000 after purchasing an additional 24,278 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Cheniere Energy by 3.8% in the 4th quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company's stock valued at $8,032,000 after acquiring an additional 1,359 shares during the last quarter. LPL Financial LLC raised its position in shares of Cheniere Energy by 27.0% in the 4th quarter. LPL Financial LLC now owns 293,201 shares of the energy company's stock valued at $63,000,000 after acquiring an additional 62,338 shares during the period. Gateway Investment Advisers LLC boosted its stake in Cheniere Energy by 6.7% during the 1st quarter. Gateway Investment Advisers LLC now owns 51,781 shares of the energy company's stock worth $11,982,000 after acquiring an additional 3,252 shares during the last quarter. Finally, Amundi boosted its stake in Cheniere Energy by 19.9% during the 4th quarter. Amundi now owns 2,696,002 shares of the energy company's stock worth $606,907,000 after acquiring an additional 448,189 shares during the last quarter. Institutional investors own 87.26% of the company's stock.

Wall Street Analyst Weigh In

LNG has been the topic of a number of recent analyst reports. Raymond James Financial reissued a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. raised 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. Stifel Nicolaus decreased their target price on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Wolfe Research downgraded Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Finally, UBS Group reiterated a "buy" rating and set a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $258.36.

Cheniere Energy Stock Up 2.4%

Shares of LNG traded up $5.73 during mid-day trading on Thursday, hitting $242.05. 2,030,747 shares of the company's stock were exchanged, compared to its average volume of 1,869,209. The company has a 50-day simple moving average of $234.26 and a 200 day simple moving average of $225.92. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. The company has a market cap of $53.68 billion, a PE ratio of 17.29, a P/E/G ratio of 4.93 and a beta of 0.43. Cheniere Energy, Inc. has a 52 week low of $167.66 and a 52 week high of $257.65.

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). 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 18.37% and a return on equity of 32.62%. The firm's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 earnings per share. On average, research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.83%. Cheniere Energy's dividend payout ratio is 14.63%.

Insiders Place Their Bets

In related news, Director Neal A. Shear sold 4,300 shares of the firm's stock in a transaction 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 approximately $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company's stock.

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.