Gemmer Asset Management LLC Acquires New Stake in Cheniere Energy, Inc. (NYSE:LNG)

Gemmer Asset Management LLC bought a new position in Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,042 shares of the energy company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Miracle Mile Advisors LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth about $2,127,000. Insight Wealth Strategies LLC purchased a new stake in Cheniere Energy in the 4th quarter valued at about $4,455,000. Covea Finance increased its holdings in Cheniere Energy by 18.8% during the 4th quarter. Covea Finance now owns 121,400 shares of the energy company’s stock worth $26,085,000 after purchasing an additional 19,200 shares during the period. Continuum Advisory LLC lifted its holdings in shares of Cheniere Energy by 42.1% in the 3rd quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after buying an additional 3,828 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Cheniere Energy by 2.9% during the 3rd quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock worth $238,173,000 after buying an additional 37,729 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LNG shares. Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday. TD Cowen boosted their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company increased their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada lifted their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Scotiabank initiated coverage on Cheniere Energy in a report on Friday, January 10th. They set a “sector outperform” rating and a $242.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.18.

Cheniere Energy Stock Performance

LNG opened at $252.70 on Monday. The firm’s 50-day moving average price is $219.76 and its 200-day moving average price is $195.63. The company has a market cap of $56.70 billion, a P/E ratio of 16.14 and a beta of 0.99. 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, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the company posted $2.37 earnings per share. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.79%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

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.