Voleon Capital Management LP Invests $3.90 Million in Cheniere Energy, Inc. (NYSE:LNG)

Voleon Capital Management LP purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,143 shares of the energy company’s stock, valued at approximately $3,898,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC lifted its position in Cheniere Energy by 35.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 33,261 shares of the energy company’s stock valued at $7,147,000 after acquiring an additional 8,761 shares during the period. Northern Trust Corp increased its stake in Cheniere Energy by 18.7% during the 4th quarter. Northern Trust Corp now owns 1,599,361 shares of the energy company’s stock valued at $343,655,000 after purchasing an additional 251,886 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Cheniere Energy by 4.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company’s stock worth $1,220,858,000 after buying an additional 243,418 shares during the last quarter. Quarry LP lifted its stake in shares of Cheniere Energy by 14.9% in the fourth quarter. Quarry LP now owns 1,215 shares of the energy company’s stock worth $261,000 after buying an additional 158 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $9,310,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LNG has been the subject of a number of recent analyst reports. TD Cowen boosted their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Stifel Nicolaus dropped their price objective on Cheniere Energy from $255.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Morgan Stanley raised 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. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $251.46.

Cheniere Energy Stock Up 0.1 %

NYSE LNG opened at $237.91 on Wednesday. Cheniere Energy, Inc. has a 52 week low of $153.03 and a 52 week high of $257.65. 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 company has a market capitalization of $53.01 billion, a P/E ratio of 16.72 and a beta of 0.67. The stock’s 50-day moving average price is $222.55 and its 200-day moving average price is $217.17.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results 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 the consensus estimate of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. Cheniere Energy’s dividend payout ratio is presently 14.05%.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.26% of the company’s stock.

Cheniere Energy 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.