Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Harvest Fund Management Co. Ltd

Key Points

• Harvest Fund Management has significantly increased its stake in Cheniere Energy, acquiring an additional 3,079 shares, bringing its total to 7,629 shares worth approximately $1.77 million.
• Several hedge funds have also revised their positions, with 87.26% of Cheniere Energy's stock being held by institutional investors.
• Cheniere Energy recently announced a quarterly dividend of $0.50 per share, yielding an annualized dividend of $2.00, indicating ongoing financial stability amidst fluctuating stock performance.

Harvest Fund Management Co. Ltd lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 67.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,629 shares of the energy company's stock after purchasing an additional 3,079 shares during the period. Harvest Fund Management Co. Ltd's holdings in Cheniere Energy were worth $1,765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position 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 worth $1,220,858,000 after buying an additional 243,418 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Cheniere Energy by 12.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock worth $1,078,450,000 after purchasing an additional 534,033 shares in the last quarter. Invesco Ltd. boosted its stake in Cheniere Energy by 16.1% in the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock worth $695,599,000 after purchasing an additional 450,031 shares during the period. Dimensional Fund Advisors LP increased its holdings in Cheniere Energy by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,184,891 shares of the energy company's stock worth $469,448,000 after acquiring an additional 59,281 shares during the period. Finally, TD Asset Management Inc increased its holdings in Cheniere Energy by 6.5% during the 1st quarter. TD Asset Management Inc now owns 1,962,006 shares of the energy company's stock worth $454,008,000 after acquiring an additional 120,018 shares during the period. 87.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LNG shares. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a report on Wednesday, June 25th. Wells Fargo & Company set a $267.00 target price on shares of Cheniere Energy and gave the company an "overweight" rating in a research note on Wednesday, June 25th. TD Cowen increased their target price on Cheniere Energy from $260.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Wolfe Research lowered Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Finally, Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $260.36.

Insider Buying and Selling

In related news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction dated Thursday, June 5th. The stock was 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 owned 29,733 shares in the company, 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 legal filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

Cheniere Energy Trading Up 1.1%

NYSE:LNG traded up $2.51 during mid-day trading on Friday, reaching $238.39. 2,022,089 shares of the company's stock traded hands, compared to its average volume of 2,141,852. The company has a 50 day moving average price of $235.23 and a 200-day moving average price of $229.37. The firm has a market capitalization of $52.87 billion, a price-to-earnings ratio of 17.44 and a beta of 0.42. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. Cheniere Energy, Inc. has a 12-month low of $167.66 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The company had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $4.73 billion. During the same quarter last year, the business earned $2.13 earnings per share. The business's quarterly revenue was up 28.0% on a year-over-year basis. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current 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 is Friday, August 8th. This represents a $2.00 annualized dividend and a yield of 0.8%. Cheniere Energy's payout ratio is presently 14.63%.

Cheniere Energy 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.