Longbow Finance SA Takes $15.26 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Longbow Finance SA bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 71,030 shares of the energy company’s stock, valued at approximately $15,262,000. Cheniere Energy accounts for 1.7% of Longbow Finance SA’s portfolio, making the stock its 13th biggest position.

A number of other institutional investors also recently modified their holdings of LNG. MassMutual Private Wealth & Trust FSB raised its stake in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $28,000. Adirondack Trust Co. acquired a new position in shares of Cheniere Energy in the fourth quarter valued at approximately $43,000. City Holding Co. acquired a new position in shares of Cheniere Energy in the fourth quarter valued at approximately $50,000. Finally, Farther Finance Advisors LLC boosted its holdings in Cheniere Energy by 53.3% in the third quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock valued at $66,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on LNG shares. 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 research report on Wednesday, December 18th. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday. Barclays raised their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. UBS Group raised their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, TD Cowen raised their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $235.75.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $219.70 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock’s fifty day simple moving average is $223.26 and its two-hundred day simple moving average is $204.26. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The stock has a market cap of $49.29 billion, a PE ratio of 15.44 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating the consensus estimate of $2.74 by $1.59. The business 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, analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s payout ratio is 14.05%.

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.