Elo Mutual Pension Insurance Co Buys 1,036 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Elo Mutual Pension Insurance Co boosted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,242 shares of the energy company’s stock after purchasing an additional 1,036 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Cheniere Energy were worth $4,564,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its position in shares of Cheniere Energy by 89.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,945 shares of the energy company’s stock valued at $1,069,000 after acquiring an additional 2,808 shares during the period. Fisher Asset Management LLC raised its holdings in Cheniere Energy by 48.4% in the third quarter. Fisher Asset Management LLC now owns 2,290 shares of the energy company’s stock worth $412,000 after purchasing an additional 747 shares during the period. Independent Advisor Alliance bought a new position in shares of Cheniere Energy during the third quarter worth $268,000. D.A. Davidson & CO. increased its position in shares of Cheniere Energy by 1.9% in the 3rd quarter. D.A. Davidson & CO. now owns 9,345 shares of the energy company’s stock valued at $1,681,000 after buying an additional 173 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Cheniere Energy during the 3rd quarter worth $169,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Insider Transactions at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the sale, the director now directly owns 33,934 shares of the company’s stock, 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 filing with the SEC, which is available at this link. 0.29% of the stock is owned by company insiders.

Cheniere Energy Stock Performance

LNG opened at $226.76 on Friday. The business’s 50-day simple moving average is $224.08 and its 200 day simple moving average is $210.14. Cheniere Energy, Inc. has a 52-week low of $152.88 and a 52-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 firm has a market capitalization of $50.72 billion, a PE ratio of 15.94 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last announced 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. The company 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%. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Barclays raised their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Argus began coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price target for the company. Wells Fargo & Company raised their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, TD Cowen upped their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $239.79.

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.