Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 7.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,119 shares of the energy company’s stock after acquiring an additional 12,668 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of Cheniere Energy worth $41,911,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LNG. REAP Financial Group LLC grew its position in Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Banque Transatlantique SA purchased a new position in shares of Cheniere Energy in the 4th quarter worth approximately $32,000. Cooksen Wealth LLC purchased a new position in shares of Cheniere Energy in the 1st quarter worth approximately $38,000. Ameriflex Group Inc. bought a new position in shares of Cheniere Energy in the fourth quarter valued at approximately $42,000. Finally, Tsfg LLC increased its position in shares of Cheniere Energy by 676.0% during the first quarter. Tsfg LLC now owns 194 shares of the energy company’s stock valued at $45,000 after acquiring an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the transaction, the director owned 29,733 shares in the company, valued at $7,312,236.69. This trade represents a 12.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LNG. Bank of America boosted their price objective on Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the stock a “buy” rating in a research note on Thursday, June 26th. Wells Fargo & Company set a $267.00 price target on shares of Cheniere Energy and gave the company an “overweight” rating in a research report on Wednesday, June 25th. TD Cowen raised their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday. Finally, Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.71.

Cheniere Energy Stock Performance

NYSE LNG opened at $230.84 on Friday. The firm has a market cap of $51.20 billion, a P/E ratio of 13.48 and a beta of 0.43. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24. The company’s 50 day moving average is $235.83 and its 200-day moving average is $228.82. Cheniere Energy, Inc. has a 12-month low of $175.14 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 39.21%. Cheniere Energy’s revenue was up 42.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.84 EPS. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.9%. Cheniere Energy’s dividend 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.