SevenBridge Financial Group LLC Acquires 146 Shares of Cheniere Energy, Inc. (NYSE:LNG)

SevenBridge Financial Group LLC boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 15.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,096 shares of the energy company’s stock after acquiring an additional 146 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Cheniere Energy were worth $240,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of Cheniere Energy by 195.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after purchasing an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Cheniere Energy by 10.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company’s stock valued at $886,664,000 after buying an additional 379,142 shares in the last quarter. Norges Bank bought a new stake in Cheniere Energy in the fourth quarter valued at $629,197,000. Amundi raised its stake in Cheniere Energy by 19.9% during the fourth quarter. Amundi now owns 2,696,002 shares of the energy company’s stock worth $606,907,000 after acquiring an additional 448,189 shares in the last quarter. Finally, TD Asset Management Inc. lifted its holdings in shares of Cheniere Energy by 5.2% during the fourth quarter. TD Asset Management Inc. now owns 1,841,988 shares of the energy company’s stock valued at $395,788,000 after acquiring an additional 91,554 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Up 1.7 %

Shares of NYSE LNG opened at $234.95 on Thursday. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. The firm’s 50-day moving average is $222.77 and its 200-day moving average is $211.84. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $52.55 billion, a PE ratio of 16.51 and a beta of 0.94.

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

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s payout ratio is 14.05%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company increased 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. TD Cowen raised their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. UBS Group reissued a “buy” rating and issued a $277.00 target price on shares of Cheniere Energy in a report on Tuesday, March 18th. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $239.79.

Insiders Place Their Bets

In related news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.29% of the company’s stock.

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.