Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by Premier Fund Managers Ltd

Premier Fund Managers Ltd lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 16.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the energy company’s stock after buying an additional 1,000 shares during the quarter. Premier Fund Managers Ltd’s holdings in Cheniere Energy were worth $1,583,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in Cheniere Energy by 4.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company’s stock worth $1,220,858,000 after purchasing an additional 243,418 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Cheniere Energy by 12.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock valued at $1,078,450,000 after acquiring an additional 534,033 shares in the last quarter. Invesco Ltd. grew its position in Cheniere Energy by 16.1% in the fourth quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company’s stock valued at $695,599,000 after acquiring an additional 450,031 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Cheniere Energy by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,184,891 shares of the energy company’s stock worth $469,448,000 after buying an additional 59,281 shares in the last quarter. Finally, TD Asset Management Inc grew its position in shares of Cheniere Energy by 6.5% during the first quarter. TD Asset Management Inc now owns 1,962,006 shares of the energy company’s stock worth $454,008,000 after buying an additional 120,018 shares in 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 equities analysts have commented on LNG shares. Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a report on Thursday, June 26th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Wells Fargo & Company set a $267.00 price target on shares of Cheniere Energy and gave the stock an “overweight” rating in a research report on Wednesday, June 25th. Wall Street Zen downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a report on Friday, May 9th. Finally, Cowen restated a “buy” rating on shares of Cheniere Energy in a report on Wednesday, June 25th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $260.36.

Cheniere Energy Stock Up 1.3%

NYSE:LNG opened at $228.40 on Tuesday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19. The stock has a 50-day simple moving average of $234.94 and a 200 day simple moving average of $229.25. The company has a market cap of $50.66 billion, a PE ratio of 16.71 and a beta of 0.42. Cheniere Energy, Inc. has a 52-week low of $167.66 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG) last posted 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 business had revenue of $5.44 billion for the quarter, compared to analyst estimates 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 was up 28.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.13 earnings per share. On average, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.88%. Cheniere Energy’s payout ratio is 14.63%.

Insider Buying and Selling at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the transaction, the director owned 29,733 shares of the company’s stock, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

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.