Quantum Portfolio Management LLC Purchases Shares of 2,818 Cheniere Energy, Inc. $LNG

Quantum Portfolio Management LLC purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 2,818 shares of the energy company’s stock, valued at approximately $662,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new stake in Cheniere Energy during the 3rd quarter valued at $25,000. Westside Investment Management Inc. increased its holdings in shares of Cheniere Energy by 473.7% during the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after purchasing an additional 90 shares during the period. Hilltop National Bank acquired a new stake in Cheniere Energy in the second quarter worth about $28,000. Richardson Financial Services Inc. bought a new position in Cheniere Energy in the 2nd quarter valued at about $30,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in Cheniere Energy during the 2nd quarter valued at about $34,000. 87.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland bought 5,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were bought at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the acquisition, the director directly owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $206.45 on Tuesday. The firm’s 50 day simple moving average is $200.09 and its 200-day simple moving average is $219.85. 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 current ratio of 0.94 and a quick ratio of 0.81. The company has a market cap of $44.44 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 6.64 and a beta of 0.26.

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, beating analysts’ consensus estimates of $2.75 by $2.00. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.87 billion. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.93 earnings per share. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were paid a dividend of $0.555 per share. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, November 7th. This represents a $2.22 annualized dividend and a yield of 1.1%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.37%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LNG shares. Zacks Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Wells Fargo & Company cut their target price on Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Jefferies Financial Group set a $290.00 price target on Cheniere Energy in a research report on Thursday, October 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Cheniere Energy in a report on Monday, December 29th. Finally, Bank of America lowered their target price on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $265.59.

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.