Williams Jones Wealth Management LLC. Makes New Investment in Cheniere Energy, Inc. (NYSE:LNG)

Williams Jones Wealth Management LLC. bought a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,119 shares of the energy company's stock, valued at approximately $670,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in Cheniere Energy in the 4th quarter worth approximately $629,197,000. Ninety One UK Ltd lifted its holdings in Cheniere Energy by 1,400.7% in the 4th quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company's stock worth $324,393,000 after purchasing an additional 1,409,116 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in Cheniere Energy by 84.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company's stock worth $354,858,000 after purchasing an additional 756,900 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Cheniere Energy by 61.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company's stock worth $357,638,000 after purchasing an additional 631,787 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Cheniere Energy in the 4th quarter worth approximately $130,772,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 1.0%

Shares of NYSE LNG traded up $2.25 during trading hours on Tuesday, hitting $231.37. 410,614 shares of the company traded hands, compared to its average volume of 2,172,221. The stock has a market capitalization of $51.31 billion, a price-to-earnings ratio of 16.26 and a beta of 0.41. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company's 50 day moving average price is $227.82 and its 200 day moving average price is $223.41. Cheniere Energy, Inc. has a 12 month low of $153.03 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last released 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 company had revenue of $5.44 billion for 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 business's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.13 EPS. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Friday, May 9th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Insiders Place Their Bets

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on LNG shares. Wolfe Research downgraded Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. UBS Group reaffirmed a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. Wall Street Zen downgraded Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Stifel Nicolaus reduced their price objective 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, JPMorgan Chase & Co. lifted their price objective on Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of "Moderate Buy" and an average target price of $252.23.

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.