Harvest Fund Management Co. Ltd Makes New $978,000 Investment in Cheniere Energy, Inc. (NYSE:LNG)

Harvest Fund Management Co. Ltd acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,550 shares of the energy company’s stock, valued at approximately $978,000.

Other institutional investors also recently modified their holdings of the company. Miracle Mile Advisors LLC bought a new position in shares of Cheniere Energy in the fourth quarter valued at approximately $2,127,000. Fractal Investments LLC grew its holdings in shares of Cheniere Energy by 31.0% in the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock valued at $12,720,000 after acquiring an additional 14,000 shares in the last quarter. Anderson Hoagland & Co. bought a new position in shares of Cheniere Energy in the fourth quarter valued at approximately $2,460,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Cheniere Energy by 31.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock valued at $7,812,000 after acquiring an additional 8,756 shares in the last quarter. Finally, Insight Wealth Strategies LLC bought a new position in shares of Cheniere Energy in the fourth quarter valued at approximately $4,455,000. 87.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now owns 33,934 shares in the company, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by company insiders.

Cheniere Energy Trading Up 1.4 %

Shares of LNG stock opened at $230.52 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a 52-week low of $152.88 and a 52-week high of $257.65. The company has a market capitalization of $51.56 billion, a PE ratio of 16.20 and a beta of 0.94. The business’s fifty day moving average is $224.99 and its 200 day moving average is $208.46.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors 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 0.87%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LNG. Mizuho upped their target price on Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a report on Tuesday. UBS Group reissued a “buy” rating and set a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday. Stifel Nicolaus increased their price objective on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 21st. Argus initiated coverage on Cheniere Energy in a report on Tuesday. They set a “buy” rating and a $255.00 price objective for the company. Finally, Morgan Stanley increased their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $239.79.

Cheniere Energy Company 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.