Cheniere Energy, Inc. $LNG Stock Holdings Boosted by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 203.9% during the third quarter, Holdings Channel reports. The institutional investor owned 7,385 shares of the energy company’s stock after buying an additional 4,955 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Cheniere Energy were worth $1,735,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Cheniere Energy during the 2nd quarter valued at about $957,425,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Cheniere Energy by 704.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 952,092 shares of the energy company’s stock valued at $231,853,000 after buying an additional 833,723 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of Cheniere Energy during the 2nd quarter worth $107,319,000. American Century Companies Inc. grew its holdings in shares of Cheniere Energy by 32.6% in the 2nd quarter. American Century Companies Inc. now owns 1,729,359 shares of the energy company’s stock worth $421,134,000 after acquiring an additional 425,106 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Cheniere Energy by 22.5% during the second quarter. Jennison Associates LLC now owns 1,663,035 shares of the energy company’s stock worth $404,982,000 after purchasing an additional 305,764 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 1.8%

LNG stock opened at $206.45 on Friday. The company has a 50 day moving average of $200.19 and a two-hundred day moving average of $220.22. The company has a market cap of $44.44 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 6.64 and a beta of 0.26. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $257.65. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same period in the prior year, the business posted $3.93 earnings per share. Cheniere Energy’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were paid a dividend of $0.555 per share. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, November 7th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. Cheniere Energy’s dividend payout ratio (DPR) is 12.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Barclays dropped their price target on Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating on the stock in a research note on Thursday. Bank of America cut their price target on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Wolfe Research set a $220.00 price objective on shares of Cheniere Energy and gave the stock an “outperform” rating in a research note on Wednesday. Erste Group Bank cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $265.59.

Insider Activity

In other news, Director W Benjamin Moreland purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the purchase, the director owned 9,856 shares in the company, valued at $2,052,216.32. This represents a 102.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.