Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 81.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,708 shares of the energy company’s stock after acquiring an additional 5,243 shares during the quarter. Convergence Investment Partners LLC’s holdings in Cheniere Energy were worth $2,516,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LNG. Wellington Management Group LLP grew its position in shares of Cheniere Energy by 195.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after acquiring an additional 2,776,920 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Cheniere Energy by 91.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of Cheniere Energy by 1,400.7% in the 4th quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company’s stock worth $324,393,000 after purchasing an additional 1,409,116 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Cheniere Energy by 328.2% in the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock worth $160,885,000 after purchasing an additional 685,662 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Cheniere Energy by 61.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after purchasing an additional 631,787 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $215.43 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $48.34 billion, a price-to-earnings ratio of 13.76 and a beta of 0.98. The stock’s fifty day simple moving average is $222.56 and its 200 day simple moving average is $202.72. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy’s payout ratio is 12.77%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LNG shares. TD Cowen raised their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays lifted their target price on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Scotiabank lifted their target price on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group lifted their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Wells Fargo & Company lifted their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $234.25.

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.