Investment Management Corp of Ontario Has $3.09 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Investment Management Corp of Ontario lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,384 shares of the energy company’s stock after acquiring an additional 317 shares during the quarter. Investment Management Corp of Ontario’s holdings in Cheniere Energy were worth $3,091,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Miracle Mile Advisors LLC acquired a new stake in shares of Cheniere Energy during the 4th quarter valued at $2,127,000. Fractal Investments LLC raised its position in Cheniere Energy by 31.0% during the 4th quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock worth $12,720,000 after purchasing an additional 14,000 shares during the last quarter. Anderson Hoagland & Co. bought a new position in Cheniere Energy during the 4th quarter worth $2,460,000. Mirae Asset Global Investments Co. Ltd. raised its position in Cheniere Energy by 31.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock worth $7,812,000 after purchasing an additional 8,756 shares during the last quarter. Finally, Kathmere Capital Management LLC bought a new position in Cheniere Energy during the 4th quarter worth $245,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Insider Activity at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the business’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 completion of the sale, the director now directly owns 33,934 shares of the company’s stock, valued at $7,448,852.34. The trade was a 20.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LNG has been the subject of several analyst reports. Barclays raised their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Scotiabank lowered their target price on Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 29th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America raised their target price on Cheniere Energy from $254.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Finally, TD Cowen raised their target price on Cheniere Energy from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $252.23.

Cheniere Energy Trading Down 1.6%

Shares of LNG stock opened at $233.48 on Monday. The company has a market cap of $52.02 billion, a P/E ratio of 16.41 and a beta of 0.41. The stock has a 50 day simple moving average of $224.83 and a two-hundred day simple moving average of $220.27. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a fifty-two week low of $153.03 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the previous year, the firm earned $2.13 earnings per share. The business’s quarterly revenue was up 28.0% on a year-over-year basis. Research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Friday, May 9th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, May 9th. Cheniere Energy’s payout ratio is 14.63%.

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.