Plato Investment Management Ltd Buys 1,199 Shares of Cheniere Energy, Inc. $LNG

Plato Investment Management Ltd boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3,996.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,229 shares of the energy company’s stock after purchasing an additional 1,199 shares during the period. Plato Investment Management Ltd’s holdings in Cheniere Energy were worth $298,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. grew its holdings in shares of Cheniere Energy by 134.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Hilltop National Bank bought a new position in shares of Cheniere Energy in the second quarter valued at $28,000. Richardson Financial Services Inc. bought a new position in shares of Cheniere Energy in the second quarter valued at $30,000. Cooksen Wealth LLC bought a new position in shares of Cheniere Energy in the first quarter valued at $38,000. Finally, WPG Advisers LLC bought a new position in shares of Cheniere Energy in the first quarter valued at $38,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.1%

NYSE LNG opened at $209.63 on Tuesday. The business has a fifty day moving average price of $230.43 and a two-hundred day moving average price of $233.08. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. Cheniere Energy, Inc. has a fifty-two week low of $185.43 and a fifty-two week high of $257.65. The stock has a market capitalization of $46.07 billion, a PE ratio of 12.24, a PEG ratio of 6.08 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 30th. The energy company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.87 billion. During the same period in the prior year, the company earned $3.93 EPS. Cheniere Energy’s revenue for the quarter was up 18.0% on a year-over-year basis. Equities analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th will be given a $0.555 dividend. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, November 7th. Cheniere Energy’s dividend payout ratio is 12.37%.

Wall Street Analyst Weigh In

LNG has been the subject of several research analyst reports. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Barclays restated an “overweight” rating and issued a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Weiss Ratings restated a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. Raymond James Financial reiterated a “strong-buy” rating and issued a $278.00 price target (up from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. Finally, Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $268.73.

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.