Dark Forest Capital Management LP Has $3.50 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Dark Forest Capital Management LP boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 379.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,302 shares of the energy company’s stock after acquiring an additional 12,903 shares during the period. Cheniere Energy makes up about 0.5% of Dark Forest Capital Management LP’s investment portfolio, making the stock its 16th largest position. Dark Forest Capital Management LP’s holdings in Cheniere Energy were worth $3,503,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its holdings 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 purchasing an additional 75 shares during the last quarter. WR Wealth Planners LLC lifted its position in Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after buying an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cheniere Energy during the 4th quarter worth about $29,000. Nemes Rush Group LLC grew its holdings in shares of Cheniere Energy by 2,022.2% in the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock valued at $41,000 after acquiring an additional 182 shares in the last quarter. Finally, Adirondack Trust Co. bought a new position in shares of Cheniere Energy in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Up 3.0 %

Cheniere Energy stock opened at $230.11 on Wednesday. The company’s 50-day moving average price is $220.91 and its two-hundred day moving average price is $215.66. 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 stock has a market cap of $51.27 billion, a P/E ratio of 16.17 and a beta of 0.67. Cheniere Energy, Inc. has a twelve month low of $153.03 and a twelve month high of $257.65.

Cheniere Energy (NYSE:LNG) last announced 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. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates 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 expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

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

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the sale, the director now owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Argus initiated coverage on Cheniere Energy in a research report on Tuesday, March 18th. They set a “buy” rating and a $255.00 price target for the company. UBS Group reissued a “buy” rating and issued a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Stifel Nicolaus dropped their price target on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Mizuho lifted their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Fifteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $245.15.

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.