Burney Co. Invests $348,000 in Cheniere Energy, Inc. $LNG

Burney Co. acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,430 shares of the energy company’s stock, valued at approximately $348,000.

A number of other hedge funds also recently made changes to their positions in LNG. Brighton Jones LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $335,000. Concurrent Investment Advisors LLC raised its stake in shares of Cheniere Energy by 23.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,400 shares of the energy company’s stock valued at $1,250,000 after buying an additional 1,042 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Cheniere Energy by 9.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 379,097 shares of the energy company’s stock valued at $87,723,000 after buying an additional 34,003 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Cheniere Energy by 62.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 2,721 shares of the energy company’s stock valued at $630,000 after buying an additional 1,045 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Cheniere Energy by 4.0% in the 1st quarter. Brown Advisory Inc. now owns 74,838 shares of the energy company’s stock valued at $17,317,000 after buying an additional 2,844 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Insiders Place Their Bets

In other news, Director W Benjamin Moreland bought 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were bought at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the acquisition, the director owned 9,856 shares in the company, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $275.00 price objective on shares of Cheniere Energy in a research note on Monday. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a report on Wednesday, October 8th. TD Cowen lifted their price objective on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, BMO Capital Markets assumed coverage on Cheniere Energy in a report on Friday, September 19th. They set an “outperform” rating and a $268.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cheniere Energy has an average rating of “Buy” and a consensus price target of $268.73.

Cheniere Energy Stock Down 0.5%

Shares of LNG opened at $205.68 on Thursday. The firm has a market capitalization of $45.20 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 6.08 and a beta of 0.37. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The business’s fifty day moving average price is $229.02 and its two-hundred day moving average price is $232.71. Cheniere Energy, Inc. has a 52 week low of $188.70 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 30th. The energy company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same period last year, the company earned $3.93 EPS. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current 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 paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, November 7th. 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%. Cheniere Energy’s payout ratio is currently 12.37%.

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.