Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 506.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 127,331 shares of the energy company’s stock after purchasing an additional 106,349 shares during the period. Los Angeles Capital Management LLC’s holdings in Cheniere Energy were worth $27,360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its stake in Cheniere Energy by 10.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock valued at $99,000 after buying an additional 43 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in Cheniere Energy by 2.0% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after buying an additional 46 shares during the last quarter. Hourglass Capital LLC grew its stake in Cheniere Energy by 0.6% in the 4th quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company’s stock valued at $2,353,000 after buying an additional 60 shares during the last quarter. Chemistry Wealth Management LLC grew its stake in Cheniere Energy by 5.2% in the 4th quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock valued at $267,000 after buying an additional 61 shares during the last quarter. Finally, Premier Path Wealth Partners LLC grew its stake in Cheniere Energy by 5.4% in the 4th quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock valued at $256,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of research analyst reports. Scotiabank raised their target price on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Stifel Nicolaus raised their target price on shares of Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Morgan Stanley raised their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, TD Cowen raised their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $235.75.

Cheniere Energy Price Performance

Shares of Cheniere Energy 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. The firm’s 50-day simple moving average is $223.37 and its 200-day simple moving average is $204.49. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65. The firm has a market cap of $48.31 billion, a P/E ratio of 15.18 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last issued its 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 for the quarter, compared to analyst estimates of $4.44 billion. As a group, research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company 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. This represents a $2.00 annualized dividend and a yield of 0.93%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 14.05%.

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.