DnB Asset Management AS Purchases 1,805 Shares of Cheniere Energy, Inc. (NYSE:LNG)

DnB Asset Management AS increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,233 shares of the energy company’s stock after acquiring an additional 1,805 shares during the period. DnB Asset Management AS’s holdings in Cheniere Energy were worth $9,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of LNG. denkapparat Operations GmbH bought a new position in shares of Cheniere Energy in the fourth quarter worth $330,000. Orion Portfolio Solutions LLC grew its position in Cheniere Energy by 5.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 14,786 shares of the energy company’s stock worth $3,177,000 after buying an additional 724 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Cheniere Energy in the 4th quarter worth about $48,000. Norges Bank purchased a new stake in shares of Cheniere Energy in the 4th quarter valued at about $629,197,000. Finally, Blair William & Co. IL boosted its position in shares of Cheniere Energy by 1.3% during the 4th quarter. Blair William & Co. IL now owns 49,426 shares of the energy company’s stock valued at $10,620,000 after acquiring an additional 613 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $226.16 on Friday. The company’s fifty day simple moving average is $223.55 and its two-hundred day simple moving average is $210.70. Cheniere Energy, Inc. has a 12-month low of $152.88 and a 12-month high of $257.65. The firm has a market cap of $50.58 billion, a PE ratio of 15.89 and a beta of 0.94. 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 (NYSE:LNG) last posted its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $1.59. The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. As a group, equities analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.50 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.88%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Wall Street Analyst Weigh In

LNG has been the topic of a number of recent analyst reports. Argus initiated coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They issued a “buy” rating and a $255.00 target price on the stock. Barclays raised their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company upped their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Stifel Nicolaus raised their price target on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, UBS Group reiterated a “buy” rating and set a $277.00 price objective on shares of Cheniere Energy in a research report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $239.79.

Insider Transactions at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now directly owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.29% of the company’s stock.

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.