Cypress Capital Group Purchases Shares of 4,061 Cheniere Energy, Inc. $LNG

Cypress Capital Group acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,061 shares of the energy company’s stock, valued at approximately $954,000.

Several other institutional investors and hedge funds also recently made changes to their positions 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. TD Asset Management Inc increased its position in Cheniere Energy by 1.5% during the second quarter. TD Asset Management Inc now owns 1,990,748 shares of the energy company’s stock worth $484,787,000 after acquiring an additional 28,742 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Cheniere Energy by 0.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,845,285 shares of the energy company’s stock worth $449,364,000 after purchasing an additional 8,740 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LNG. The Goldman Sachs Group restated a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a research report on Monday, November 3rd. Wolfe Research set a $220.00 price target on Cheniere Energy and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Scotiabank reaffirmed an “outperform” rating and issued a $266.00 price objective on shares of Cheniere Energy in a report on Friday, January 16th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $278.00 target price (up from $275.00) on shares of Cheniere Energy in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus target price of $263.29.

Insider Transactions at Cheniere Energy

In other news, Director W Benjamin Moreland bought 5,000 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.

Cheniere Energy Stock Up 2.3%

LNG stock opened at $212.92 on Friday. The firm has a 50-day moving average price of $199.19 and a 200-day moving average price of $218.44. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $246.42. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $45.83 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 6.69 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data 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 analysts’ expectations of $4.87 billion. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.93 EPS. As a group, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 6th will be given a dividend of $0.555 per share. The ex-dividend date is Friday, February 6th. This represents a $2.22 dividend on an annualized basis and a yield of 1.0%. Cheniere Energy’s payout ratio is currently 12.37%.

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.