Raiffeisen Bank International AG Invests $2.78 Million in Cheniere Energy, Inc. (NYSE:LNG)

Raiffeisen Bank International AG bought a new position in Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,046 shares of the energy company’s stock, valued at approximately $2,778,000.

Several other institutional investors and hedge funds have also modified their holdings of LNG. Brookstone Capital Management lifted its holdings in Cheniere Energy by 13.4% during the 4th quarter. Brookstone Capital Management now owns 1,875 shares of the energy company’s stock worth $403,000 after buying an additional 221 shares in the last quarter. SeaCrest Wealth Management LLC increased its position in shares of Cheniere Energy by 2.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 2,590 shares of the energy company’s stock valued at $557,000 after buying an additional 74 shares in the last quarter. Pines Wealth Management LLC bought a new stake in shares of Cheniere Energy in the 4th quarter valued at $358,000. Kathmere Capital Management LLC bought a new stake in shares of Cheniere Energy in the 4th quarter valued at $245,000. Finally, Park Avenue Securities LLC increased its holdings in Cheniere Energy by 35.9% during the 4th quarter. Park Avenue Securities LLC now owns 5,206 shares of the energy company’s stock worth $1,119,000 after purchasing an additional 1,374 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LNG. Wolfe Research cut Cheniere Energy from an “outperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. Argus started coverage on Cheniere Energy in a report on Tuesday, March 18th. They set a “buy” rating and a $255.00 target price for the company. JPMorgan Chase & Co. increased their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, April 28th. Raymond James restated a “strong-buy” rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Finally, Mizuho increased their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and a consensus target price of $252.23.

Cheniere Energy Trading Up 1.1%

Shares of NYSE:LNG opened at $235.72 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 market capitalization of $52.28 billion, a P/E ratio of 16.57 and a beta of 0.41. The company has a 50-day simple moving average of $226.09 and a 200 day simple moving average of $221.12. 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 (NYSE:LNG) last issued its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($1.24). The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the business posted $2.13 earnings per share. Sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business 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 $0.50 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.00 annualized dividend and a yield of 0.85%. Cheniere Energy’s dividend payout ratio is currently 14.63%.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the 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 transaction, the director now directly owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This represents a 20.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

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.