Volterra Technologies LP Purchases Shares of 2,826 Cheniere Energy, Inc. $LNG

Volterra Technologies LP bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,826 shares of the energy company’s stock, valued at approximately $688,000.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in Cheniere Energy during the 4th quarter worth approximately $335,000. Benjamin Edwards Inc. acquired a new stake in shares of Cheniere Energy during the first quarter worth approximately $361,000. King Luther Capital Management Corp increased its holdings in Cheniere Energy by 9.2% in the first quarter. King Luther Capital Management Corp now owns 5,569 shares of the energy company’s stock valued at $1,289,000 after buying an additional 470 shares during the last quarter. Independent Advisor Alliance raised its holdings in shares of Cheniere Energy by 33.8% during the first quarter. Independent Advisor Alliance now owns 2,560 shares of the energy company’s stock worth $592,000 after purchasing an additional 646 shares during the period. Finally, Meridian Wealth Management LLC lifted its holdings in shares of Cheniere Energy by 5.3% in the 1st quarter. Meridian Wealth Management LLC now owns 1,675 shares of the energy company’s stock worth $388,000 after purchasing an additional 84 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LNG shares. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Mizuho increased their price objective on Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Bank of America lowered their target price on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a research note on Thursday. Jefferies Financial Group set a $290.00 price objective on shares of Cheniere Energy in a research report on Thursday, October 30th. Finally, Scotiabank decreased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $268.47.

Cheniere Energy Trading Down 2.9%

LNG opened at $193.01 on Thursday. Cheniere Energy, Inc. has a 12 month low of $188.70 and a 12 month high of $257.65. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 2.12. The firm’s fifty day simple moving average is $214.89 and its 200 day simple moving average is $228.36. The stock has a market capitalization of $41.54 billion, a P/E ratio of 10.75, a P/E/G ratio of 5.20 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, beating the consensus estimate of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the prior year, the firm posted $3.93 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were issued a dividend of $0.555 per share. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, November 7th. Cheniere Energy’s payout ratio is 12.37%.

Insider Transactions at Cheniere Energy

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

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.