Gateway Investment Advisers LLC Acquires 46 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Gateway Investment Advisers LLC raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.1% in the 4th quarter, Holdings Channel reports. The firm owned 48,529 shares of the energy company’s stock after purchasing an additional 46 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Cheniere Energy were worth $10,427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Miracle Mile Advisors LLC bought a new position in shares of Cheniere Energy during the fourth quarter worth about $2,127,000. Insight Wealth Strategies LLC bought a new position in Cheniere Energy during the 4th quarter worth approximately $4,455,000. Continuum Advisory LLC lifted its position in shares of Cheniere Energy by 42.1% in the 3rd quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after purchasing an additional 3,828 shares during the period. Jennison Associates LLC boosted its stake in shares of Cheniere Energy by 2.9% in the 3rd quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock valued at $238,173,000 after purchasing an additional 37,729 shares during the last quarter. Finally, M&G PLC increased its position in shares of Cheniere Energy by 21.0% during the third quarter. M&G PLC now owns 268,834 shares of the energy company’s stock worth $48,390,000 after buying an additional 46,602 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

LNG opened at $253.76 on Friday. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $254.20. The company has a market cap of $56.94 billion, a price-to-earnings ratio of 16.20 and a beta of 0.99. The company’s fifty day moving average price is $217.79 and its two-hundred day moving average price is $194.37. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.37 EPS. On average, analysts expect that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.79%. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.77%.

Wall Street Analysts Forecast Growth

LNG has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price 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. Royal Bank of Canada upped their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Scotiabank began coverage on Cheniere Energy in a report on Friday, January 10th. They issued a “sector outperform” rating and a $242.00 target price for the company. TD Cowen boosted their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $231.18.

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.