DnB Asset Management AS Acquires 1,805 Shares of Cheniere Energy, Inc. (NYSE:LNG)

DnB Asset Management AS raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,233 shares of the energy company’s stock after buying an additional 1,805 shares during the quarter. DnB Asset Management AS’s holdings in Cheniere Energy were worth $9,504,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LNG. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. WR Wealth Planners LLC increased its stake in Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after purchasing an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth approximately $29,000. Adirondack Trust Co. bought a new position in shares of Cheniere Energy in the fourth quarter worth approximately $43,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Cheniere Energy in the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on LNG shares. The Goldman Sachs Group upped their price objective on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. UBS Group reaffirmed a “buy” rating and set a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Wells Fargo & Company upped their target price 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. Finally, Morgan Stanley lifted their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $239.79.

Cheniere Energy Price Performance

NYSE LNG opened at $226.16 on Friday. The business’s fifty day moving average is $223.55 and its 200 day moving average is $210.70. Cheniere Energy, Inc. has a fifty-two week low of $152.88 and a fifty-two week high of $257.65. 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 company has a market capitalization of $50.58 billion, a PE ratio of 15.89 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data 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 firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.50 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.88%. Cheniere Energy’s payout ratio is currently 14.05%.

Insider Transactions at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.29% of the company’s stock.

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.