Mitsubishi UFJ Trust & Banking Corp Purchases 833,723 Shares of Cheniere Energy, Inc. $LNG

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 704.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 952,092 shares of the energy company’s stock after buying an additional 833,723 shares during the quarter. Cheniere Energy makes up about 0.5% of Mitsubishi UFJ Trust & Banking Corp’s investment portfolio, making the stock its 28th biggest position. Mitsubishi UFJ Trust & Banking Corp owned 0.43% of Cheniere Energy worth $231,853,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Altman Advisors Inc. grew its position in Cheniere Energy by 0.4% during the 1st quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company’s stock worth $2,348,000 after acquiring an additional 43 shares during the last quarter. Hemington Wealth Management raised its position in Cheniere Energy by 14.0% in the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company’s stock valued at $90,000 after purchasing an additional 48 shares during the last quarter. Brooklyn Investment Group boosted its stake in Cheniere Energy by 5.0% in the first quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company’s stock worth $233,000 after purchasing an additional 48 shares in the last quarter. Fielder Capital Group LLC boosted its position in Cheniere Energy by 1.8% in the 2nd quarter. Fielder Capital Group LLC now owns 2,964 shares of the energy company’s stock valued at $722,000 after buying an additional 51 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Cheniere Energy by 4.0% during the first quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company’s stock worth $314,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of LNG stock opened at $212.02 on Wednesday. Cheniere Energy, Inc. has a 12-month low of $188.70 and a 12-month high of $257.65. The firm has a market capitalization of $45.63 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The firm has a fifty day moving average of $226.50 and a 200-day moving average of $232.18.

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

Cheniere Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th will be given a dividend of $0.555 per share. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 7th. Cheniere Energy’s payout ratio is 12.37%.

Analysts Set New Price Targets

LNG has been the subject of a number of research reports. 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 research report on Friday, October 24th. Jefferies Financial Group set a $290.00 price target on shares of Cheniere Energy in a research note on Thursday, October 30th. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Barclays reissued an “overweight” rating and issued a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, TD Cowen lifted their price objective on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $268.73.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the transaction, the director owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by company insiders.

Cheniere Energy Company 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.