Meketa Capital LLC Buys New Shares in Cheniere Energy, Inc. (NYSE:LNG)

Meketa Capital LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,298 shares of the energy company's stock, valued at approximately $494,000. Cheniere Energy accounts for about 1.1% of Meketa Capital LLC's holdings, making the stock its 28th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Miracle Mile Advisors LLC bought a new stake in Cheniere Energy in the 4th quarter valued at $2,127,000. Fractal Investments LLC grew its holdings in shares of Cheniere Energy by 31.0% in the 4th quarter. Fractal Investments LLC now owns 59,200 shares of the energy company's stock worth $12,720,000 after purchasing an additional 14,000 shares during the last quarter. Anderson Hoagland & Co. bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $2,460,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Cheniere Energy by 31.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company's stock worth $7,812,000 after purchasing an additional 8,756 shares during the last quarter. Finally, Kathmere Capital Management LLC bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $245,000. Institutional investors own 87.26% of the company's stock.

Wall Street Analyst Weigh In

LNG has been the topic of several analyst reports. Stifel Nicolaus lowered their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Raymond James reissued a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Barclays increased their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Mizuho increased their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Finally, StockNews.com downgraded shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $252.23.

Cheniere Energy Price Performance

NYSE:LNG opened at $230.71 on Tuesday. Cheniere Energy, Inc. has a one year low of $153.03 and a one year high of $257.65. The company has a market cap of $51.40 billion, a P/E ratio of 16.21 and a beta of 0.41. The firm's fifty day moving average price is $225.09 and its two-hundred day moving average price is $220.59. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG - Get Free Report) last released 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). Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the prior year, the firm earned $2.13 earnings per share. Cheniere Energy's revenue for the quarter was up 28.0% on a year-over-year basis. Equities analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Friday, May 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. Cheniere Energy's dividend payout ratio is currently 14.63%.

Insider Activity

In other news, Director G Andrea Botta sold 9,000 shares of the business's 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 of the company's stock, valued at approximately $7,448,852.34. The trade was a 20.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

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.

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