7,516 Shares in Cheniere Energy, Inc. (NYSE:LNG) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, Holdings Channel.com reports. The firm bought 7,516 shares of the energy company’s stock, valued at approximately $1,615,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after purchasing an additional 75 shares during the period. WR Wealth Planners LLC lifted its position in Cheniere Energy by 373.1% in the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after buying an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Cheniere Energy during the fourth quarter worth about $29,000. Banque Transatlantique SA acquired a new stake in shares of Cheniere Energy during the fourth quarter valued at about $32,000. Finally, Nemes Rush Group LLC increased its position in shares of Cheniere Energy by 2,022.2% during the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock valued at $41,000 after acquiring an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on LNG. Barclays increased their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. TD Cowen raised their price target on Cheniere Energy from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Raymond James reiterated a “strong-buy” rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Mizuho increased their target price on Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Finally, Wolfe Research downgraded Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $252.23.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG opened at $232.37 on Thursday. The stock has a 50-day simple moving average of $225.67 and a 200-day simple moving average of $220.76. 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 $51.78 billion, a PE ratio of 16.33 and a beta of 0.41. Cheniere Energy, Inc. has a 1 year low of $153.03 and a 1 year high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same period last year, the business earned $2.13 EPS. The firm’s revenue was up 28.0% compared to the same quarter last year. On average, analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Friday, May 9th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Cheniere Energy’s payout ratio is 14.63%.

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.