DNB Asset Management AS Boosts Stock Holdings in Cheniere Energy, Inc. $LNG

DNB Asset Management AS increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 4.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,057 shares of the energy company’s stock after acquiring an additional 2,030 shares during the period. DNB Asset Management AS’s holdings in Cheniere Energy were worth $10,485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Altman Advisors Inc. raised its position in Cheniere Energy by 0.4% in the 2nd quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company’s stock valued at $2,409,000 after purchasing an additional 44 shares in the last quarter. Hemington Wealth Management increased its stake in shares of Cheniere Energy by 14.0% during the first quarter. Hemington Wealth Management now owns 390 shares of the energy company’s stock worth $90,000 after buying an additional 48 shares during the period. Brooklyn Investment Group increased its stake in shares of Cheniere Energy by 5.0% during the first quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company’s stock worth $233,000 after buying an additional 48 shares during the period. Bailard Inc. raised its holdings in Cheniere Energy by 0.7% in the second quarter. Bailard Inc. now owns 6,663 shares of the energy company’s stock valued at $1,623,000 after acquiring an additional 49 shares in the last quarter. Finally, Fielder Capital Group LLC lifted its stake in Cheniere Energy by 1.8% in the second quarter. Fielder Capital Group LLC now owns 2,964 shares of the energy company’s stock worth $722,000 after acquiring an additional 51 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $205.40 on Friday. The company’s fifty day moving average price is $222.59 and its 200 day moving average price is $230.91. Cheniere Energy, Inc. has a 12 month low of $188.70 and a 12 month high of $257.65. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The firm has a market capitalization of $44.21 billion, a P/E ratio of 11.99, a P/E/G ratio of 6.08 and a beta of 0.36.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $2.00. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.87 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. Cheniere Energy’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.93 earnings per share. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were paid a dividend of $0.555 per share. The ex-dividend date was Friday, November 7th. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio (DPR) is 12.37%.

Analyst Ratings Changes

LNG has been the subject of several analyst reports. Zacks Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. TD Cowen boosted their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Scotiabank dropped their target price on Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 13th. Mizuho raised their price target on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Erste Group Bank downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $268.47.

Insider Buying and Selling

In other news, Director W Benjamin Moreland acquired 5,000 shares of Cheniere Energy stock in a transaction on Tuesday, November 4th. The stock was bought at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the purchase, the director owned 9,856 shares in the company, valued at $2,052,216.32. This represents a 102.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by company insiders.

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.