Ninety One SA PTY Ltd Makes New Investment in Cheniere Energy, Inc. (NYSE:LNG)

Ninety One SA PTY Ltd bought a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,027 shares of the energy company's stock, valued at approximately $463,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. BIP Wealth LLC lifted its stake in Cheniere Energy by 1.4% in the 4th quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock valued at $762,000 after buying an additional 50 shares in the last quarter. Glen Eagle Advisors LLC raised its position in shares of Cheniere Energy by 3.7% in the 4th quarter. Glen Eagle Advisors LLC now owns 1,488 shares of the energy company's stock worth $320,000 after buying an additional 53 shares during the period. NDVR Inc. increased its holdings in Cheniere Energy by 4.8% in the 4th quarter. NDVR Inc. now owns 1,188 shares of the energy company's stock valued at $255,000 after purchasing an additional 54 shares in the last quarter. Larson Financial Group LLC raised its position in Cheniere Energy by 1.7% in the fourth quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company's stock valued at $719,000 after purchasing an additional 55 shares during the period. Finally, American Money Management LLC raised its position in Cheniere Energy by 0.5% in the fourth quarter. American Money Management LLC now owns 10,987 shares of the energy company's stock valued at $2,361,000 after purchasing an additional 55 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

Shares of LNG stock traded down $1.29 during trading hours on Wednesday, reaching $235.49. 1,579,441 shares of the company's stock were exchanged, compared to its average volume of 1,847,331. The business has a fifty day moving average price of $235.66 and a 200-day moving average price of $227.78. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24. The stock has a market capitalization of $52.23 billion, a P/E ratio of 17.23 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.

Cheniere Energy (NYSE:LNG - Get Free Report) last released 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). The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The business's revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 earnings per share. Analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, August 8th. Cheniere Energy's payout ratio is presently 14.63%.

Insider Transactions at Cheniere Energy

In related 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 transaction, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LNG. JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Scotiabank reduced their price objective on shares of Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Argus started coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price target on the stock. Wolfe Research downgraded Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Finally, Bank of America upped their target price on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Two 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, the company has an average rating of "Moderate Buy" and a consensus target price of $258.36.

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.