Marco Investment Management LLC Takes $255,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Marco Investment Management LLC has acquired a new stake in Cheniere Energy, purchasing 1,100 shares valued at approximately $255,000.
• Cheniere Energy has announced a quarterly dividend of $0.50 per share, with a dividend yield of 0.85% and a payout ratio of 14.63%.
• Despite a recent earnings miss, Cheniere Energy's stock continues to receive favorable ratings, with a consensus price target of $260.36 and multiple "buy" ratings from analysts.

Marco Investment Management LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,100 shares of the energy company's stock, valued at approximately $255,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP grew its position in Cheniere Energy by 7.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company's stock worth $345,920,000 after purchasing an additional 105,875 shares during the last quarter. Fractal Investments LLC raised its stake in Cheniere Energy by 27.7% in the 1st quarter. Fractal Investments LLC now owns 75,585 shares of the energy company's stock valued at $17,490,000 after purchasing an additional 16,385 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Cheniere Energy by 7.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company's stock worth $5,439,000 after buying an additional 1,630 shares during the period. Martin Investment Management LLC raised its position in shares of Cheniere Energy by 615.4% in the 4th quarter. Martin Investment Management LLC now owns 28,223 shares of the energy company's stock worth $6,064,000 after buying an additional 24,278 shares during the period. Finally, Bessemer Group Inc. boosted its position in Cheniere Energy by 3.8% during the 4th quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company's stock worth $8,032,000 after purchasing an additional 1,359 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

Insider Transactions at Cheniere Energy

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

Cheniere Energy Stock Up 1.1%

Shares of LNG stock traded up $2.51 on Friday, hitting $238.39. The company's stock had a trading volume of 2,022,089 shares, compared to its average volume of 2,141,852. The stock has a market capitalization of $52.87 billion, a price-to-earnings ratio of 17.44 and a beta of 0.42. Cheniere Energy, Inc. has a fifty-two week low of $167.66 and a fifty-two week high of $257.65. The firm's fifty day moving average price is $235.23 and its 200-day moving average price is $229.37. 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 (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 32.62% and a net margin of 18.37%. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter last year, the company posted $2.13 EPS. The business's revenue was up 28.0% compared to the same quarter last year. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Investors 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 dividend on an annualized basis and a yield of 0.8%. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Wall Street Analysts Forecast Growth

LNG has been the topic of several research analyst reports. Wolfe Research cut shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Bank of America upped their price target on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Wells Fargo & Company set a $267.00 price objective on shares of Cheniere Energy and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Wall Street Zen lowered shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.36.

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.