KBC Group NV Buys 2,973 Shares of Cheniere Energy, Inc. (NYSE:LNG)

KBC Group NV grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 72,873 shares of the energy company’s stock after buying an additional 2,973 shares during the period. KBC Group NV’s holdings in Cheniere Energy were worth $15,659,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LNG. Geneos Wealth Management Inc. raised its stake in shares of Cheniere Energy by 10.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after buying an additional 43 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of 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 acquiring an additional 46 shares during the last quarter. Octavia Wealth Advisors LLC boosted its stake in Cheniere Energy by 3.7% during the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock worth $269,000 after acquiring an additional 54 shares during the last quarter. Chemistry Wealth Management LLC grew its holdings in Cheniere Energy by 5.2% during the fourth quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock valued at $267,000 after purchasing an additional 61 shares during the period. Finally, Premier Path Wealth Partners LLC increased its stake in Cheniere Energy by 5.4% in the fourth quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock valued at $256,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $226.43 on Wednesday. The firm has a market cap of $50.80 billion, a P/E ratio of 14.46 and a beta of 0.99. The business’s 50 day moving average is $222.75 and its 200-day moving average is $198.27. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the business earned $2.37 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. Equities research analysts predict that Cheniere Energy, Inc. will post 12.67 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.88%. Cheniere Energy’s payout ratio is presently 12.77%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Bank of America assumed coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. Scotiabank increased their price objective on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. UBS Group upped their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada raised their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group increased their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $232.36.

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.