Twinbeech Capital LP Takes $32.46 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Twinbeech Capital LP acquired a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 151,052 shares of the energy company's stock, valued at approximately $32,457,000. Twinbeech Capital LP owned 0.07% of Cheniere Energy as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its holdings in Cheniere Energy by 10.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company's stock valued at $99,000 after acquiring an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in Cheniere Energy by 2.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company's stock worth $503,000 after purchasing an additional 46 shares during the period. BIP Wealth LLC grew its stake in Cheniere Energy by 1.4% in the fourth quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock worth $762,000 after purchasing an additional 50 shares during the period. NDVR Inc. grew its stake in Cheniere Energy by 4.8% in the fourth quarter. NDVR Inc. now owns 1,188 shares of the energy company's stock worth $255,000 after purchasing an additional 54 shares during the period. Finally, Larson Financial Group LLC grew its stake 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 worth $719,000 after purchasing an additional 55 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LNG has been the topic of several recent research reports. TD Cowen upped their price target on Cheniere Energy from $250.00 to $260.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Mizuho upped their price target on Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Argus initiated coverage on Cheniere Energy in a research note on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price target on the stock. Stifel Nicolaus reduced their price target on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, UBS Group reissued a "buy" rating and issued a $277.00 target price on shares of Cheniere Energy in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.23.

Cheniere Energy Price Performance

NYSE LNG traded down $1.04 during trading hours on Thursday, reaching $228.27. The company's stock had a trading volume of 1,505,981 shares, compared to its average volume of 1,864,867. 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 1 year low of $153.03 and a 1 year high of $257.65. The firm's 50-day moving average price is $227.57 and its 200-day moving average price is $222.40. The company has a market capitalization of $50.63 billion, a price-to-earnings ratio of 16.04 and a beta of 0.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Cheniere Energy's revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.13 EPS. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal 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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy's payout ratio is currently 14.63%.

Insiders Place Their Bets

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate 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.