Massachusetts Financial Services Co. MA Boosts Stake in Cheniere Energy, Inc. (NYSE:LNG)

Massachusetts Financial Services Co. MA grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,126,512 shares of the energy company’s stock after buying an additional 379,142 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.84% of Cheniere Energy worth $886,664,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LNG. Nemes Rush Group LLC boosted its position in Cheniere Energy by 2,022.2% in the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock worth $41,000 after purchasing an additional 182 shares during the last quarter. Summit Financial LLC raised its stake in shares of Cheniere Energy by 108.6% during the 4th quarter. Summit Financial LLC now owns 12,463 shares of the energy company’s stock worth $2,678,000 after purchasing an additional 6,489 shares during the period. Hoey Investments Inc. boosted its holdings in shares of Cheniere Energy by 669.2% in the 4th quarter. Hoey Investments Inc. now owns 1,000 shares of the energy company’s stock worth $215,000 after buying an additional 870 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Cheniere Energy by 42.1% in the 4th quarter. Alliancebernstein L.P. now owns 783,261 shares of the energy company’s stock worth $168,299,000 after buying an additional 232,028 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its position in Cheniere Energy by 30.8% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 3,707 shares of the energy company’s stock valued at $797,000 after buying an additional 872 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.3 %

Shares of LNG opened at $230.60 on Wednesday. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65. The stock has a market cap of $51.58 billion, a PE ratio of 16.20 and a beta of 0.94. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The business’s 50-day moving average price is $222.74 and its 200-day moving average price is $211.68.

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

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.50 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Wall Street Analyst Weigh In

Several analysts have commented on LNG shares. UBS Group reaffirmed a “buy” rating and issued a $277.00 price objective on shares of Cheniere Energy in a research report on Tuesday, March 18th. Mizuho lifted their price target on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. Stifel Nicolaus increased their price objective on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 21st. StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, TD Cowen upped their price target on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $239.79.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is owned by corporate insiders.

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.