Entropy Technologies LP Acquires 4,023 Shares of Cheniere Energy, Inc. $LNG

Entropy Technologies LP raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 75.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,352 shares of the energy company’s stock after purchasing an additional 4,023 shares during the period. Entropy Technologies LP’s holdings in Cheniere Energy were worth $2,277,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. American Century Companies Inc. grew its stake in shares of Cheniere Energy by 27.6% during the 1st quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock worth $301,804,000 after purchasing an additional 282,050 shares during the period. Thompson Davis & CO. Inc. purchased a new stake in Cheniere Energy during the first quarter worth $529,000. Assetmark Inc. grew its position in Cheniere Energy by 718.1% during the second quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock valued at $406,000 after buying an additional 1,465 shares during the period. Trivium Point Advisory LLC increased its holdings in Cheniere Energy by 38.6% in the first quarter. Trivium Point Advisory LLC now owns 28,029 shares of the energy company’s stock valued at $6,486,000 after buying an additional 7,808 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Cheniere Energy by 3.3% in the second quarter. QRG Capital Management Inc. now owns 39,440 shares of the energy company’s stock valued at $9,604,000 after buying an additional 1,273 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director W Benjamin Moreland bought 5,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the acquisition, the director directly owned 9,856 shares in the company, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LNG has been the topic of a number of analyst reports. BMO Capital Markets started coverage on Cheniere Energy in a research report on Friday, September 19th. They set an “outperform” rating and a $268.00 target price on the stock. TD Cowen increased their price target on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Cowen restated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $278.00 target price (up from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. Finally, Scotiabank decreased their target price on Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $268.47.

Cheniere Energy Stock Down 1.3%

Shares of LNG opened at $205.40 on Friday. The stock has a 50 day moving average price of $222.59 and a 200 day moving average price of $230.94. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The stock has a market capitalization of $44.21 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 6.08 and a beta of 0.36. Cheniere Energy, Inc. has a one year low of $188.70 and a one year high of $257.65.

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

Cheniere Energy Increases Dividend

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

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.