M&G PLC Increases Stock Position in Cheniere Energy, Inc. $LNG

M&G PLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 81.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 371,765 shares of the energy company’s stock after acquiring an additional 166,399 shares during the quarter. M&G PLC owned 0.17% of Cheniere Energy worth $90,711,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC purchased a new position in shares of Cheniere Energy during the second quarter worth $384,806,000. Nuveen LLC purchased a new position in Cheniere Energy during the 1st quarter valued at about $294,793,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in Cheniere Energy by 704.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 952,092 shares of the energy company’s stock worth $231,853,000 after purchasing an additional 833,723 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Cheniere Energy by 33.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company’s stock worth $470,151,000 after purchasing an additional 504,960 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Cheniere Energy by 25.7% during the first quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock worth $554,265,000 after purchasing an additional 488,994 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Insider Activity

In other Cheniere Energy news, Director W Benjamin Moreland bought 5,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the topic of several analyst reports. Barclays reiterated an “overweight” rating and issued a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Mizuho upped their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Finally, BMO Capital Markets assumed coverage on shares of Cheniere Energy in a report on Friday, September 19th. They issued an “outperform” rating and a $268.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $268.73.

Cheniere Energy Stock Up 0.2%

LNG opened at $212.02 on Wednesday. Cheniere Energy, Inc. has a one year low of $188.70 and a one year high of $257.65. 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 $45.63 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36. The business’s 50-day simple moving average is $226.50 and its 200-day simple moving average is $232.18.

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

Cheniere Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th will be issued a $0.555 dividend. The ex-dividend date of this dividend is Friday, November 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 annualized dividend and a dividend yield of 1.0%. Cheniere Energy’s dividend 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.