Allianz SE Makes New Investment in Cheniere Energy, Inc. (NYSE:LNG)

Allianz SE bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,160 shares of the energy company’s stock, valued at approximately $247,000.

Other large investors have also recently made changes to their positions in the company. Miracle Mile Advisors LLC purchased a new position in Cheniere Energy in the fourth quarter valued at $2,127,000. Fractal Investments LLC grew its position in shares of Cheniere Energy by 31.0% during the 4th 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 during the period. Anderson Hoagland & Co. purchased a new position in shares of Cheniere Energy in the 4th quarter valued at about $2,460,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Cheniere Energy by 31.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock worth $7,812,000 after purchasing an additional 8,756 shares during the period. Finally, Insight Wealth Strategies LLC purchased a new position in Cheniere Energy during the fourth quarter worth approximately $4,455,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LNG has been the topic of several research analyst reports. Barclays raised their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. The Goldman Sachs Group boosted their price target 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. Wells Fargo & Company increased their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Stifel Nicolaus boosted their target price on shares of Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Argus initiated coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price target on the stock. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and an average price target of $239.79.

Cheniere Energy Price Performance

NYSE:LNG opened at $231.41 on Tuesday. The stock has a 50 day moving average price of $223.12 and a 200 day moving average price of $211.32. The stock has a market cap of $51.76 billion, a PE ratio of 16.26 and a beta of 0.94. 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 one year low of $152.88 and a one year high of $257.65.

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

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. Cheniere Energy’s dividend payout ratio (DPR) is 14.05%.

Insider Transactions at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the 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 transaction, the director now directly owns 33,934 shares in the company, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.29% of the company’s stock.

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.