Lingotto Investment Management LLP Purchases 9,507 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Lingotto Investment Management LLP boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 41.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,443 shares of the energy company’s stock after acquiring an additional 9,507 shares during the period. Lingotto Investment Management LLP’s holdings in Cheniere Energy were worth $6,971,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its holdings in shares of Cheniere Energy by 9.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 132,933 shares of the energy company’s stock worth $23,881,000 after purchasing an additional 11,642 shares during the period. Inscription Capital LLC increased its stake in Cheniere Energy by 12.8% in the 3rd quarter. Inscription Capital LLC now owns 2,699 shares of the energy company’s stock worth $485,000 after acquiring an additional 306 shares during the last quarter. abrdn plc raised its holdings in shares of Cheniere Energy by 10.0% in the 3rd quarter. abrdn plc now owns 906,384 shares of the energy company’s stock valued at $163,004,000 after acquiring an additional 82,609 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of Cheniere Energy by 5.6% during the 3rd quarter. Strategic Blueprint LLC now owns 28,101 shares of the energy company’s stock valued at $5,054,000 after acquiring an additional 1,499 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in shares of Cheniere Energy by 2.9% during the third quarter. First Trust Direct Indexing L.P. now owns 5,159 shares of the energy company’s stock worth $928,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $216.01 on Wednesday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65. The company has a market capitalization of $48.31 billion, a P/E ratio of 15.18 and a beta of 0.98. The stock has a 50 day moving average price of $223.37 and a two-hundred day moving average price of $204.49.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating the consensus estimate of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. Cheniere Energy’s dividend payout ratio is presently 14.05%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LNG. TD Cowen raised their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Morgan Stanley lifted their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Barclays increased their target price on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group lifted their price target on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Wells Fargo & Company increased their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $235.75.

Cheniere Energy Company 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.