Janney Capital Management LLC Invests $4.92 Million in Cheniere Energy, Inc. $LNG

Janney Capital Management LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 20,930 shares of the energy company’s stock, valued at approximately $4,918,000.

Several other institutional investors have also recently made changes to their positions in the business. Assetmark Inc. grew its holdings in Cheniere Energy by 718.1% during the 2nd quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock worth $406,000 after acquiring an additional 1,465 shares in the last quarter. Morningstar Investment Management LLC bought a new position in Cheniere Energy in the second quarter worth about $1,723,000. Railway Pension Investments Ltd boosted its stake in Cheniere Energy by 62.9% in the third quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock valued at $182,626,000 after acquiring an additional 300,100 shares in the last quarter. QRG Capital Management Inc. increased its position in Cheniere Energy by 3.3% during the 2nd quarter. QRG Capital Management Inc. now owns 39,440 shares of the energy company’s stock valued at $9,604,000 after buying an additional 1,273 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Cheniere Energy by 3.9% during the second quarter. Nordea Investment Management AB now owns 109,285 shares of the energy company’s stock valued at $26,360,000 after acquiring an additional 4,083 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $275.00 price target on shares of Cheniere Energy in a research report on Monday, November 3rd. Jefferies Financial Group set a $290.00 target price on Cheniere Energy in a research note on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cheniere Energy in a research note on Monday, December 29th. Erste Group Bank downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $268.06.

Insider Activity at Cheniere Energy

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

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $193.53 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $257.65. The firm’s 50 day moving average is $200.72 and its two-hundred day moving average is $221.19. The firm has a market capitalization of $41.66 billion, a P/E ratio of 10.78, a P/E/G ratio of 6.24 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last issued its earnings results 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. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the prior year, the business posted $3.93 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. Research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were issued a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, November 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 annualized dividend and a dividend yield of 1.1%. Cheniere Energy’s dividend payout ratio is 12.37%.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.