Munro Partners Purchases 17,260 Shares of Cheniere Energy, Inc. $LNG

Munro Partners increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 293,555 shares of the energy company’s stock after purchasing an additional 17,260 shares during the period. Cheniere Energy makes up about 1.9% of Munro Partners’ portfolio, making the stock its 26th biggest holding. Munro Partners’ holdings in Cheniere Energy were worth $68,980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LNG. Massachusetts Financial Services Co. MA lifted its holdings in shares of Cheniere Energy by 0.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,687,388 shares of the energy company’s stock worth $1,141,473,000 after buying an additional 26,843 shares in the last quarter. Norges Bank acquired a new position in shares of Cheniere Energy in the second quarter valued at about $957,425,000. Geode Capital Management LLC increased its position in Cheniere Energy by 1.9% during the second quarter. Geode Capital Management LLC now owns 3,874,796 shares of the energy company’s stock worth $940,578,000 after acquiring an additional 70,475 shares during the period. Amundi raised its stake in Cheniere Energy by 0.3% in the 1st quarter. Amundi now owns 2,703,299 shares of the energy company’s stock worth $595,245,000 after purchasing an additional 7,297 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Cheniere Energy by 25.7% in the 1st quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock valued at $554,265,000 after purchasing an additional 488,994 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cheniere Energy

In related news, Director W Benjamin Moreland purchased 5,000 shares of Cheniere Energy stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the purchase, the director 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.26% of the company’s stock.

Cheniere Energy Trading Up 1.1%

Shares of LNG stock opened at $191.47 on Wednesday. The stock’s fifty day moving average price is $207.48 and its two-hundred day moving average price is $225.26. The company has a market cap of $41.21 billion, a PE ratio of 10.67, a P/E/G ratio of 4.64 and a beta of 0.26. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $257.65. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 0.94.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the previous year, the firm earned $3.93 EPS. Cheniere Energy’s revenue was up 18.0% on a year-over-year basis. Equities analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, November 7th. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.37%.

Analyst Ratings Changes

Several research analysts have recently commented on LNG shares. Mizuho raised their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Jefferies Financial Group set a $290.00 price target on Cheniere Energy in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cheniere Energy in a report on Wednesday, December 17th. The Goldman Sachs Group reissued a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a report on Monday, November 3rd. Finally, Erste Group Bank cut Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $267.53.

Cheniere Energy 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.