Frontier Capital Management Co. LLC Makes New Investment in Cheniere Energy, Inc. (NYSE:LNG)

Frontier Capital Management Co. LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 180,474 shares of the energy company’s stock, valued at approximately $38,778,000. Frontier Capital Management Co. LLC owned 0.08% of Cheniere Energy as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Cheniere Energy during the fourth quarter worth approximately $629,197,000. Ninety One UK Ltd grew its position in Cheniere Energy by 1,400.7% during the fourth 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. Robeco Institutional Asset Management B.V. lifted its position in shares of Cheniere Energy by 61.2% in 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 acquiring an additional 631,787 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $130,772,000. Finally, Proficio Capital Partners LLC increased its position in shares of Cheniere Energy by 18,281.6% during the fourth quarter. Proficio Capital Partners LLC now owns 575,897 shares of the energy company’s stock valued at $123,743,000 after purchasing an additional 572,764 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley lifted their price target on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. UBS Group reaffirmed a “buy” rating and set a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. Barclays lifted their target price on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. 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 note on Monday, January 27th. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $251.46.

Insiders Place Their Bets

In related news, Director G Andrea Botta sold 9,000 shares of the firm’s 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

Cheniere Energy Trading Down 0.5 %

Shares of LNG opened at $237.64 on Friday. Cheniere Energy, Inc. has a 52-week low of $153.03 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The business’s fifty day moving average is $224.57 and its 200-day moving average is $219.43. The firm has a market cap of $52.95 billion, a price-to-earnings ratio of 16.70 and a beta of 0.41.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($1.74). Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. During the same quarter last year, the business posted $2.13 earnings per share. Cheniere Energy’s revenue for the quarter was up 28.0% compared to the same quarter last year. Equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Friday, May 9th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, May 9th. Cheniere Energy’s payout ratio is presently 14.05%.

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.