Martingale Asset Management L P Buys 17,158 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Martingale Asset Management L P boosted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 21.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,926 shares of the energy company’s stock after purchasing an additional 17,158 shares during the quarter. Martingale Asset Management L P’s holdings in Cheniere Energy were worth $21,256,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB raised its position in shares of Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares during the period. WR Wealth Planners LLC boosted its position in shares of Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after purchasing an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Cheniere Energy during the fourth quarter worth $29,000. Nemes Rush Group LLC grew its holdings in shares of Cheniere Energy by 2,022.2% in the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock valued at $41,000 after buying an additional 182 shares during the period. Finally, Adirondack Trust Co. acquired a new stake in Cheniere Energy during the 4th quarter worth $43,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Up 1.0 %

LNG stock opened at $204.18 on Wednesday. The company has a market cap of $45.67 billion, a price-to-earnings ratio of 14.35 and a beta of 0.67. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65. The business has a 50 day moving average price of $220.41 and a two-hundred day moving average price of $212.69. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

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

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.98%. Cheniere Energy’s payout ratio is 14.05%.

Analyst Ratings Changes

A number of research firms have issued reports on LNG. UBS Group reissued a “buy” rating and issued a $277.00 target price on shares of Cheniere Energy in a research note on Tuesday, March 18th. Stifel Nicolaus increased their target price on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Thursday, March 6th. Morgan Stanley increased their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $239.79.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the sale, the director now owns 33,934 shares in the company, 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 link. 0.29% of the stock is currently 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.