Fractal Investments LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 31.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,200 shares of the energy company’s stock after acquiring an additional 14,000 shares during the period. Cheniere Energy makes up about 1.9% of Fractal Investments LLC’s portfolio, making the stock its 13th biggest holding. Fractal Investments LLC’s holdings in Cheniere Energy were worth $12,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of LNG. Wellington Management Group LLP increased its stake in Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after acquiring an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Cheniere Energy by 91.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock valued at $673,927,000 after purchasing an additional 1,789,919 shares during the last quarter. Ninety One UK Ltd raised its holdings in shares of Cheniere Energy by 1,400.7% during the 4th quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company’s stock worth $324,393,000 after buying an additional 1,409,116 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Cheniere Energy by 328.2% during the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock worth $160,885,000 after buying an additional 685,662 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Cheniere Energy by 61.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after buying an additional 631,787 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on LNG shares. Stifel Nicolaus lifted their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Morgan Stanley lifted their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Scotiabank increased their price objective on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. UBS Group boosted their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company increased their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $234.25.
Cheniere Energy Price Performance
Cheniere Energy stock opened at $230.62 on Thursday. The stock’s 50 day moving average is $223.51 and its 200 day moving average is $200.30. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $257.65. The firm has a market cap of $51.74 billion, a P/E ratio of 14.73 and a beta of 0.98.
Cheniere Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.
About Cheniere Energy
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.
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