Livforsakringsbolaget Skandia Omsesidigt Has $117,000 Stake in Cheniere Energy, Inc. (NYSE:LNG)

Livforsakringsbolaget Skandia Omsesidigt increased its position in Cheniere Energy, Inc. (NYSE:LNGFree Report) by 89.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 686 shares of the energy company’s stock after purchasing an additional 324 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Cheniere Energy were worth $117,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LNG. Farmers & Merchants Investments Inc. raised its holdings in shares of Cheniere Energy by 21.1% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock valued at $57,000 after buying an additional 60 shares in the last quarter. Mutual Advisors LLC grew its holdings in Cheniere Energy by 1.0% during the 3rd quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock valued at $1,033,000 after buying an additional 64 shares in the last quarter. Xcel Wealth Management LLC grew its stake in shares of Cheniere Energy by 3.4% during the fourth quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock valued at $335,000 after buying an additional 65 shares during the last quarter. Winch Advisory Services LLC boosted its position in Cheniere Energy by 11.4% during the 3rd quarter. Winch Advisory Services LLC now owns 647 shares of the energy company’s stock valued at $107,000 after acquiring an additional 66 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in shares of Cheniere Energy by 3.1% during the fourth quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock worth $373,000 after buying an additional 66 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LNG has been the subject of a number of research analyst reports. Barclays raised their price objective on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. TD Cowen reduced their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Finally, Redburn Atlantic initiated coverage on shares of Cheniere Energy in a research report on Tuesday. They issued a “neutral” rating and a $162.00 price target for the company. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.30.

Read Our Latest Stock Analysis on LNG

Cheniere Energy Stock Up 2.3 %

LNG opened at $160.47 on Friday. The firm’s 50 day moving average price is $158.13. Cheniere Energy, Inc. has a 52-week low of $135.30 and a 52-week high of $183.46. The stock has a market capitalization of $37.01 billion, a price-to-earnings ratio of 3.96 and a beta of 0.94. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51.

Cheniere Energy (NYSE:LNGGet Free Report) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The business had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same quarter last year, the company posted $15.78 EPS. Cheniere Energy’s revenue for the quarter was down 46.9% on a year-over-year basis. Equities analysts expect that Cheniere Energy, Inc. will post 8.39 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th were paid a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Monday, February 5th. Cheniere Energy’s dividend payout ratio is 4.30%.

About Cheniere Energy

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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