Flputnam Investment Management Co. Has $8.67 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Flputnam Investment Management Co. increased its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 15.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,776 shares of the energy company's stock after buying an additional 6,647 shares during the period. Flputnam Investment Management Co.'s holdings in Cheniere Energy were worth $8,668,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LNG. Vanguard Group Inc. raised its stake in Cheniere Energy by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 21,330,395 shares of the energy company's stock valued at $2,957,460,000 after purchasing an additional 223,024 shares during the last quarter. State Street Corp increased its stake in shares of Cheniere Energy by 13.6% during the 1st quarter. State Street Corp now owns 6,934,156 shares of the energy company's stock valued at $961,421,000 after acquiring an additional 830,898 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Cheniere Energy by 5.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company's stock valued at $672,559,000 after acquiring an additional 220,802 shares during the last quarter. Morgan Stanley increased its stake in shares of Cheniere Energy by 19.4% during the 4th quarter. Morgan Stanley now owns 3,542,925 shares of the energy company's stock valued at $531,297,000 after acquiring an additional 576,067 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Cheniere Energy by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 3,363,669 shares of the energy company's stock valued at $529,389,000 after acquiring an additional 71,466 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LNG shares. Redburn Atlantic started coverage on shares of Cheniere Energy in a research note on Tuesday. They set a "neutral" rating and a $162.00 price objective for the company. Barclays increased their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 17th. TD Cowen dropped their target price on shares of Cheniere Energy from $185.00 to $178.00 and set an "outperform" rating for the company in a research report on Tuesday, February 27th. Finally, StockNews.com downgraded shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Cheniere Energy has an average rating of "Moderate Buy" and an average price target of $193.30.

Cheniere Energy Price Performance

NYSE LNG traded down $0.34 on Tuesday, reaching $154.09. The company had a trading volume of 1,803,738 shares, compared to its average volume of 1,897,201. The firm has a market capitalization of $36.16 billion, a price-to-earnings ratio of 3.81 and a beta of 0.94. Cheniere Energy, Inc. has a 1 year low of $135.30 and a 1 year high of $183.46. The firm's 50-day moving average is $158.56. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.70 by $3.06. The firm had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. Cheniere Energy's quarterly revenue was down 46.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $15.78 EPS. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 8.39 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Monday, February 5th. Cheniere Energy's dividend payout ratio (DPR) is currently 4.30%.

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.