Kayne Anderson Capital Advisors LP Grows Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Kayne Anderson Capital Advisors LP boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 4.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,389,026 shares of the energy company’s stock after buying an additional 62,368 shares during the quarter. Cheniere Energy accounts for 7.0% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 4th largest position. Kayne Anderson Capital Advisors LP’s holdings in Cheniere Energy were worth $298,460,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in shares of Cheniere Energy by 53.3% during the third quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock valued at $66,000 after purchasing an additional 128 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Cheniere Energy during the third quarter valued at about $28,000. Ashton Thomas Securities LLC acquired a new position in shares of Cheniere Energy in the third quarter worth about $73,000. Entropy Technologies LP increased its position in shares of Cheniere Energy by 29.1% in the third quarter. Entropy Technologies LP now owns 18,668 shares of the energy company’s stock worth $3,357,000 after acquiring an additional 4,212 shares in the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of Cheniere Energy by 7.4% during the third quarter. Harbour Investments Inc. now owns 1,194 shares of the energy company’s stock valued at $215,000 after acquiring an additional 82 shares during the period. Institutional investors own 87.26% of the company’s stock.

Insider Buying and Selling

In other news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by company insiders.

Cheniere Energy Trading Down 1.5 %

LNG opened at $211.17 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 current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a 50-day moving average price of $225.11 and a two-hundred day moving average price of $206.97. The stock has a market capitalization of $47.23 billion, a PE ratio of 14.84 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.44 billion. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s dividend payout ratio is 14.05%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LNG. TD Cowen lifted their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. UBS Group boosted their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. The Goldman Sachs Group upped their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Barclays raised their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.33.

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.