Duality Advisers LP Buys Shares of 9,973 Cheniere Energy, Inc. (NYSE:LNG)

Duality Advisers LP bought a new position in Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, HoldingsChannel reports. The fund bought 9,973 shares of the energy company’s stock, valued at approximately $1,702,000.

Other large investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its holdings in Cheniere Energy by 73.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company’s stock worth $248,293,000 after buying an additional 631,100 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Cheniere Energy by 702.1% in the third quarter. Los Angeles Capital Management LLC now owns 490,606 shares of the energy company’s stock worth $81,421,000 after purchasing an additional 429,438 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Cheniere Energy by 35.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,399,852 shares of the energy company’s stock valued at $232,319,000 after purchasing an additional 367,275 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of Cheniere Energy by 126.8% during the third quarter. Lord Abbett & CO. LLC now owns 645,523 shares of the energy company’s stock valued at $107,131,000 after purchasing an additional 360,915 shares in the last quarter. Finally, Laurion Capital Management LP raised its stake in shares of Cheniere Energy by 107.2% during the third quarter. Laurion Capital Management LP now owns 20,012 shares of the energy company’s stock valued at $3,321,000 after purchasing an additional 296,687 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

LNG has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Redburn Atlantic started coverage on shares of Cheniere Energy in a report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective for the company. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Finally, TD Cowen cut their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.56.

Cheniere Energy Price Performance

NYSE LNG opened at $160.56 on Tuesday. Cheniere Energy, Inc. has a 12 month low of $135.30 and a 12 month high of $183.46. The company has a market cap of $37.03 billion, a P/E ratio of 3.96 and a beta of 0.94. The stock has a 50 day simple moving average of $158.04. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $3.06. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm’s quarterly revenue was down 46.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $15.78 earnings per share. On average, analysts anticipate that Cheniere Energy, Inc. will post 8.39 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, February 5th. Cheniere Energy’s dividend payout ratio (DPR) is presently 4.30%.

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.