Generali Asset Management SPA SGR Purchases Shares of 17,933 Cheniere Energy, Inc. (NYSE:LNG)

Generali Asset Management SPA SGR acquired a new position in Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 17,933 shares of the energy company’s stock, valued at approximately $3,853,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Horizon Kinetics Asset Management LLC lifted its position in Cheniere Energy by 4.4% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 489,305 shares of the energy company’s stock valued at $105,137,000 after purchasing an additional 20,541 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Cheniere Energy by 0.8% in the fourth quarter. Parallel Advisors LLC now owns 7,043 shares of the energy company’s stock worth $1,513,000 after buying an additional 59 shares during the period. SouthState Corp increased its stake in shares of Cheniere Energy by 5.0% in the fourth quarter. SouthState Corp now owns 25,970 shares of the energy company’s stock worth $5,580,000 after buying an additional 1,245 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in Cheniere Energy by 25.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,144 shares of the energy company’s stock valued at $246,000 after buying an additional 232 shares during the last quarter. Finally, Basso Capital Management L.P. boosted its position in Cheniere Energy by 3.0% during the 4th quarter. Basso Capital Management L.P. now owns 3,450 shares of the energy company’s stock valued at $741,000 after buying an additional 100 shares during the period. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Stifel Nicolaus upped their price target on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Wells Fargo & Company lifted their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen upped their target price on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, UBS Group reiterated a “buy” rating and issued a $277.00 price target on shares of Cheniere Energy in a report on Tuesday. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $239.79.

Insiders Place Their Bets

In related news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.29% of the company’s stock.

Cheniere Energy Trading Up 0.7 %

Shares of NYSE LNG opened at $224.07 on Wednesday. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The firm has a 50-day moving average of $224.84 and a 200 day moving average of $208.17. The stock has a market cap of $50.12 billion, a P/E ratio of 15.75 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping the consensus estimate of $2.74 by $1.59. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.89%. Cheniere Energy’s dividend payout ratio is currently 14.05%.

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.