Cheniere Energy, Inc. $LNG Shares Bought by Freemont Management S.A.

Freemont Management S.A. boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 30.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,000 shares of the energy company’s stock after acquiring an additional 4,400 shares during the quarter. Freemont Management S.A.’s holdings in Cheniere Energy were worth $4,627,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at about $335,000. Envestnet Asset Management Inc. lifted its position in Cheniere Energy by 9.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 379,097 shares of the energy company’s stock worth $87,723,000 after buying an additional 34,003 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Cheniere Energy by 62.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,721 shares of the energy company’s stock valued at $630,000 after buying an additional 1,045 shares during the period. Brown Advisory Inc. grew its holdings in shares of Cheniere Energy by 4.0% during the 1st quarter. Brown Advisory Inc. now owns 74,838 shares of the energy company’s stock valued at $17,317,000 after acquiring an additional 2,844 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of Cheniere Energy by 2.9% during the 1st quarter. Stratos Wealth Partners LTD. now owns 6,808 shares of the energy company’s stock valued at $1,576,000 after acquiring an additional 189 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.1%

Cheniere Energy stock opened at $207.83 on Friday. Cheniere Energy, Inc. has a 52 week low of $188.70 and a 52 week high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The firm has a market capitalization of $44.73 billion, a PE ratio of 12.13, a PEG ratio of 6.08 and a beta of 0.36. The business’s 50-day simple moving average is $227.67 and its 200-day simple moving average is $232.43.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $2.00. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. The business’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.93 EPS. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th will be issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, November 7th. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s payout ratio is currently 12.37%.

Analyst Ratings Changes

Several research analysts have weighed in on LNG shares. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Barclays reaffirmed an “overweight” rating and issued a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Raymond James Financial reiterated a “strong-buy” rating and issued a $278.00 price objective (up from $275.00) on shares of Cheniere Energy in a report on Friday, October 24th. Finally, Wells Fargo & Company raised their target price on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $268.73.

Insider Activity at Cheniere Energy

In other news, Director W Benjamin Moreland purchased 5,000 shares of Cheniere Energy stock in a transaction on Tuesday, November 4th. The shares were purchased at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the transaction, the director directly owned 9,856 shares in the company, valued at approximately $2,052,216.32. This represents a 102.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by company insiders.

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.