Korea Investment CORP Grows Holdings in Cheniere Energy, Inc. $LNG

Key Points

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Korea Investment CORP lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 21.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 249,438 shares of the energy company's stock after buying an additional 44,229 shares during the quarter. Korea Investment CORP owned approximately 0.11% of Cheniere Energy worth $57,720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sand Hill Global Advisors LLC grew its position in shares of Cheniere Energy by 1.4% during the 1st quarter. Sand Hill Global Advisors LLC now owns 23,773 shares of the energy company's stock worth $5,501,000 after buying an additional 337 shares in the last quarter. Aptus Capital Advisors LLC grew its position in shares of Cheniere Energy by 51.0% during the 1st quarter. Aptus Capital Advisors LLC now owns 5,142 shares of the energy company's stock worth $1,190,000 after buying an additional 1,736 shares in the last quarter. Northern Trust Corp grew its position in shares of Cheniere Energy by 15.4% during the 1st quarter. Northern Trust Corp now owns 1,845,962 shares of the energy company's stock worth $427,156,000 after buying an additional 246,601 shares in the last quarter. Brooklyn Investment Group grew its position in shares of Cheniere Energy by 5.0% during the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock worth $233,000 after buying an additional 48 shares in the last quarter. Finally, TriaGen Wealth Management LLC bought a new position in shares of Cheniere Energy during the 1st quarter worth $1,962,000. Institutional investors own 87.26% of the company's stock.

Insider Activity

In other news, Director Neal A. Shear sold 4,300 shares of the firm's 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 directly owned 29,733 shares in the company, valued at $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

LNG has been the topic of a number of recent research reports. Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Cowen reissued a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. Wall Street Zen downgraded Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Barclays reaffirmed an "overweight" rating and set a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $261.93.

Cheniere Energy Trading Up 0.1%

Cheniere Energy stock opened at $230.30 on Tuesday. The stock has a 50-day moving average of $234.64 and a two-hundred day moving average of $228.92. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a one year low of $175.14 and a one year high of $257.65. The stock has a market cap of $50.61 billion, a PE ratio of 13.44 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%. The company had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.48 billion. During the same period last year, the business posted $3.84 earnings per share. The firm's revenue was up 42.8% compared to the same quarter last year. On average, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, August 8th. Cheniere Energy's dividend payout ratio (DPR) is presently 11.68%.

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.

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