Sumitomo Mitsui DS Asset Management Company Ltd Increases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 7.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 23,505 shares of the energy company's stock after buying an additional 1,630 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Cheniere Energy were worth $5,439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC purchased a new position in Cheniere Energy in the fourth quarter valued at about $335,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $218,000. Mutual of America Capital Management LLC raised its holdings in shares of Cheniere Energy by 9.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 5,335 shares of the energy company's stock worth $1,146,000 after purchasing an additional 453 shares during the period. SVB Wealth LLC purchased a new position in Cheniere Energy in the fourth quarter valued at approximately $291,000. Finally, US Bancorp DE lifted its stake in Cheniere Energy by 10.1% in the fourth quarter. US Bancorp DE now owns 16,007 shares of the energy company's stock valued at $3,439,000 after purchasing an additional 1,471 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the transaction, the director directly owned 29,733 shares in the company, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.26% of the company's stock.

Cheniere Energy Stock Up 1.7%

Shares of NYSE:LNG opened at $240.03 on Thursday. The firm has a fifty day moving average price of $235.40 and a two-hundred day moving average price of $226.82. The company has a market cap of $53.24 billion, a price-to-earnings ratio of 17.56 and a beta of 0.42. 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, Inc. has a one year low of $167.66 and a one year high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 EPS 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%. The firm's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.13 EPS. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared 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. This represents a $2.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, August 8th. Cheniere Energy's payout ratio is 14.63%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wells Fargo & Company set a $267.00 target price on Cheniere Energy and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Scotiabank decreased their price objective on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. TD Cowen upped their price objective on shares of Cheniere Energy from $260.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Bank of America increased their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cheniere Energy has a consensus rating of "Moderate Buy" and a consensus price target of $258.36.

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.

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