Lingotto Investment Management LLP Buys 9,507 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Lingotto Investment Management LLP raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 41.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,443 shares of the energy company’s stock after acquiring an additional 9,507 shares during the quarter. Lingotto Investment Management LLP’s holdings in Cheniere Energy were worth $6,971,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its stake in Cheniere Energy by 9.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 132,933 shares of the energy company’s stock worth $23,881,000 after purchasing an additional 11,642 shares during the period. Inscription Capital LLC boosted its holdings in shares of Cheniere Energy by 12.8% during the 3rd quarter. Inscription Capital LLC now owns 2,699 shares of the energy company’s stock valued at $485,000 after buying an additional 306 shares in the last quarter. abrdn plc grew its position in shares of Cheniere Energy by 10.0% in the 3rd quarter. abrdn plc now owns 906,384 shares of the energy company’s stock worth $163,004,000 after buying an additional 82,609 shares during the period. Strategic Blueprint LLC increased its stake in shares of Cheniere Energy by 5.6% in the 3rd quarter. Strategic Blueprint LLC now owns 28,101 shares of the energy company’s stock worth $5,054,000 after acquiring an additional 1,499 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its position in Cheniere Energy by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,159 shares of the energy company’s stock valued at $928,000 after acquiring an additional 146 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE LNG 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 business’s fifty day moving average is $223.37 and its 200 day moving average is $204.49. The company has a market capitalization of $48.31 billion, a PE ratio of 15.18 and a beta of 0.98. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid 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 (DPR) is presently 14.05%.

Wall Street Analyst Weigh In

LNG has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Stifel Nicolaus raised their price objective on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, TD Cowen lifted their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.75.

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.