Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 62.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,200 shares of the energy company’s stock after purchasing an additional 2,000 shares during the quarter. Cheniere Energy comprises about 2.4% of Cannon Global Investment Management LLC’s investment portfolio, making the stock its 6th biggest position. Cannon Global Investment Management LLC’s holdings in Cheniere Energy were worth $1,117,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC acquired a new stake in shares of Cheniere Energy during the 4th quarter valued at about $2,127,000. Fractal Investments LLC lifted its holdings in Cheniere Energy by 31.0% in the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock valued at $12,720,000 after buying an additional 14,000 shares during the period. Anderson Hoagland & Co. acquired a new position in Cheniere Energy in the fourth quarter valued at approximately $2,460,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Cheniere Energy by 31.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock valued at $7,812,000 after buying an additional 8,756 shares during the period. Finally, Insight Wealth Strategies LLC acquired a new stake in Cheniere Energy in the fourth quarter worth $4,455,000. Institutional investors own 87.26% of the company’s stock.

Insider Activity at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LNG has been the subject of several research reports. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. UBS Group restated a “buy” rating and issued a $277.00 target price on shares of Cheniere Energy in a research report on Tuesday, March 18th. TD Cowen lifted their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Stifel Nicolaus boosted their target price on shares of Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $239.79.

Cheniere Energy Price Performance

LNG opened at $227.24 on Monday. The stock has a 50-day moving average price of $225.03 and a 200-day moving average price of $209.13. 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 market cap of $50.83 billion, a PE ratio of 15.97 and a beta of 0.94. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results 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. The business had revenue of $4.44 billion during 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%. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s payout ratio is 14.05%.

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.