Martingale Asset Management L P Has $14.71 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Martingale Asset Management L P lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 40.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,768 shares of the energy company’s stock after buying an additional 23,457 shares during the period. Martingale Asset Management L P’s holdings in Cheniere Energy were worth $14,705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. The Manufacturers Life Insurance Company boosted its position in shares of Cheniere Energy by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock worth $978,047,000 after buying an additional 167,575 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Cheniere Energy by 91.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock valued at $673,927,000 after purchasing an additional 1,789,919 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in Cheniere Energy by 9.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock valued at $566,956,000 after purchasing an additional 273,588 shares during the last quarter. Pacer Advisors Inc. boosted its position in Cheniere Energy by 7.4% during the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock valued at $510,825,000 after purchasing an additional 202,097 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Cheniere Energy by 5.1% during the second quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock valued at $360,259,000 after purchasing an additional 99,678 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE LNG opened at $221.77 on Friday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $225.44. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a market capitalization of $49.76 billion, a PE ratio of 14.16 and a beta of 0.94. The stock has a 50-day simple moving average of $195.08 and a 200 day simple moving average of $180.36.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the firm earned $2.37 EPS. The firm’s revenue was down 9.5% compared to the same quarter last year. Research analysts anticipate that Cheniere Energy, Inc. will post 11.26 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LNG shares. Bank of America started coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Royal Bank of Canada lifted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Stifel Nicolaus cut their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. UBS Group raised their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, TD Cowen raised their target price on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $212.89.

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.