Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,713 shares of the energy company's stock after acquiring an additional 1,049 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Cheniere Energy were worth $8,532,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of Cheniere Energy by 4.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company's stock worth $1,220,858,000 after purchasing an additional 243,418 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Cheniere Energy by 10.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company's stock worth $886,664,000 after buying an additional 379,142 shares during the last quarter. Invesco Ltd. raised its position in Cheniere Energy by 16.1% in the fourth quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock valued at $695,599,000 after purchasing an additional 450,031 shares during the period. Norges Bank purchased a new position in Cheniere Energy during the fourth quarter worth about $629,197,000. Finally, Amundi increased its holdings in Cheniere Energy by 19.9% in the 4th quarter. Amundi now owns 2,696,002 shares of the energy company's stock valued at $606,907,000 after purchasing an additional 448,189 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

Analysts Set New Price Targets

LNG has been the topic of a number of research reports. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. UBS Group reiterated a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. Wells Fargo & Company set a $267.00 target price on Cheniere Energy and gave the company an "overweight" rating in a report on Wednesday, June 25th. Scotiabank dropped their target price on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 29th. Finally, Bank of America lifted their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.36.

Insiders Place Their Bets

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

Cheniere Energy Stock Up 1.7%

NYSE:LNG traded up $3.99 during trading hours on Wednesday, hitting $240.03. The company's stock had a trading volume of 1,864,118 shares, compared to its average volume of 1,847,750. Cheniere Energy, Inc. has a 52-week low of $167.66 and a 52-week high of $257.65. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24. The stock has a market capitalization of $53.24 billion, a P/E ratio of 17.56 and a beta of 0.42. The stock has a fifty day moving average of $235.16 and a 200-day moving average of $226.73.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). The business had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. Cheniere Energy's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 EPS. On average, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be issued 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 dividend yield of 0.83%. Cheniere Energy's payout ratio is 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.