PharVision Advisers LLC Takes Position in Cheniere Energy, Inc. (NYSE:LNG)

PharVision Advisers LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,344 shares of the energy company's stock, valued at approximately $289,000.

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

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $229.34 on Thursday. The company has a market cap of $50.87 billion, a price-to-earnings ratio of 16.12 and a beta of 0.41. The business has a 50 day moving average price of $227.57 and a 200 day moving average price of $222.40. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a twelve month low of $153.03 and a twelve month 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 for the quarter, missing the consensus estimate of $2.81 by ($1.24). The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm's revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 earnings per share. Research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Friday, May 9th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Friday, May 9th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Stifel Nicolaus dropped their price target on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wolfe Research downgraded shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Bank of America raised their target price on Cheniere Energy from $254.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Scotiabank decreased 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. Finally, Raymond James reissued a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $252.23.

Insider Transactions at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the sale, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. This trade represents a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company's stock.

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.

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