Lansforsakringar Fondforvaltning AB publ Makes New $15.91 Million Investment in Cheniere Energy, Inc. (NYSE:LNG)

Lansforsakringar Fondforvaltning AB publ purchased a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 74,053 shares of the energy company's stock, valued at approximately $15,912,000.

Several other institutional investors and hedge funds have also made changes to their positions in LNG. Norges Bank purchased a new position in Cheniere Energy in the 4th quarter valued at about $629,197,000. Ninety One UK Ltd raised its holdings in Cheniere Energy by 1,400.7% in the 4th quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company's stock valued at $324,393,000 after acquiring an additional 1,409,116 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Cheniere Energy by 84.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company's stock worth $354,858,000 after purchasing an additional 756,900 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Cheniere Energy by 61.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company's stock worth $357,638,000 after buying an additional 631,787 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Cheniere Energy during the 4th quarter worth about $130,772,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 2.2%

Shares of LNG stock traded up $5.13 on Friday, hitting $236.94. The stock had a trading volume of 3,960,968 shares, compared to its average volume of 1,878,534. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock's 50 day moving average is $227.93 and its 200-day moving average is $223.66. The firm has a market capitalization of $52.55 billion, a price-to-earnings ratio of 16.65 and a beta of 0.41. Cheniere Energy, Inc. has a 52-week low of $154.82 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. During the same quarter in the prior year, the firm earned $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, research analysts expect 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 was paid on Monday, May 19th. Investors of record on Friday, May 9th were paid a $0.50 dividend. The ex-dividend date was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.84%. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Analysts Set New Price Targets

A number of research firms have weighed in on LNG. Mizuho increased their price target on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. boosted their price target on Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Scotiabank dropped their price target on 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. Morgan Stanley raised their price objective on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $252.23.

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.