Cheniere Energy, Inc. $LNG Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 8.7% in the second quarter, Holdings Channel reports. The institutional investor owned 179,415 shares of the energy company’s stock after acquiring an additional 14,347 shares during the quarter. Schroder Investment Management Group’s holdings in Cheniere Energy were worth $43,691,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp grew its position in Cheniere Energy by 21.6% in the second quarter. Mackenzie Financial Corp now owns 60,774 shares of the energy company’s stock worth $14,800,000 after acquiring an additional 10,797 shares during the period. Norges Bank purchased a new stake in Cheniere Energy in the second quarter valued at $957,425,000. Quadrature Capital Ltd lifted its stake in shares of Cheniere Energy by 210.7% in the 2nd quarter. Quadrature Capital Ltd now owns 72,822 shares of the energy company’s stock valued at $17,732,000 after purchasing an additional 49,386 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Cheniere Energy by 1.0% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 219,507 shares of the energy company’s stock worth $53,454,000 after purchasing an additional 2,210 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Cheniere Energy during the 2nd quarter worth $67,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insiders Place Their Bets

In other news, Director W Benjamin Moreland purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the purchase, the director directly owned 9,856 shares of the company’s stock, valued at $2,052,216.32. The trade was a 102.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

Cheniere Energy Stock Up 0.9%

Shares of NYSE LNG opened at $210.41 on Tuesday. The stock has a market cap of $45.29 billion, a P/E ratio of 12.28, a PEG ratio of 6.08 and a beta of 0.36. The business’s fifty day simple moving average is $219.41 and its 200-day simple moving average is $229.71. Cheniere Energy, Inc. has a 12-month low of $188.70 and a 12-month high of $257.65. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $2.75 by $2.00. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.Cheniere Energy’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.93 EPS. As a group, equities analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

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

Wall Street Analyst Weigh In

LNG has been the topic of a number of recent analyst reports. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. TD Cowen boosted their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 8th. The Goldman Sachs Group restated a “buy” rating and issued a $275.00 price objective on shares of Cheniere Energy in a report on Monday, November 3rd. Erste Group Bank downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Jefferies Financial Group set a $290.00 target price on Cheniere Energy in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $268.47.

Cheniere Energy 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.