New England Research & Management Inc. Acquires Shares of 5,850 Cheniere Energy, Inc. (NYSE:LNG)

New England Research & Management Inc. bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,850 shares of the energy company’s stock, valued at approximately $1,257,000.

Several other large investors have also made changes to their positions in LNG. Strategic Blueprint LLC raised its holdings in Cheniere Energy by 0.7% during the 4th quarter. Strategic Blueprint LLC now owns 28,285 shares of the energy company’s stock worth $6,078,000 after purchasing an additional 184 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Cheniere Energy by 61.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after buying an additional 631,787 shares during the period. Accordant Advisory Group Inc raised its stake in shares of Cheniere Energy by 34.7% during the fourth quarter. Accordant Advisory Group Inc now owns 14,015 shares of the energy company’s stock worth $3,011,000 after buying an additional 3,611 shares during the last quarter. BSW Wealth Partners acquired a new position in Cheniere Energy in the fourth quarter valued at approximately $205,000. Finally, Bensler LLC acquired a new position in Cheniere Energy in the fourth quarter valued at approximately $4,338,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the topic of several analyst reports. Royal Bank of Canada increased their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Bank of America started coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Scotiabank lifted their price objective on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company lifted their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.36.

Cheniere Energy Stock Up 0.7 %

Shares of LNG stock opened at $228.14 on Thursday. The firm has a fifty day moving average of $222.87 and a 200-day moving average of $198.62. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65. The company has a market capitalization of $51.19 billion, a price-to-earnings ratio of 14.57 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm earned $2.37 earnings per share. The firm’s revenue was down 9.5% compared to the same quarter last year. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 12.67 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy’s dividend payout ratio is 12.77%.

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.