Marco Investment Management LLC Takes Position in Cheniere Energy, Inc. (NYSE:LNG)

Marco Investment Management LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,100 shares of the energy company’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LNG. Brighton Jones LLC acquired a new stake in shares of Cheniere Energy in the 4th quarter valued at $335,000. New Age Alpha Advisors LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter worth $48,000. Orion Portfolio Solutions LLC grew its stake in shares of Cheniere Energy by 5.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 14,786 shares of the energy company’s stock worth $3,177,000 after purchasing an additional 724 shares during the period. Allianz SE acquired a new stake in shares of Cheniere Energy during the fourth quarter worth $247,000. Finally, Schroder Investment Management Group grew its stake in shares of Cheniere Energy by 20.6% during the fourth quarter. Schroder Investment Management Group now owns 29,285 shares of the energy company’s stock worth $6,292,000 after purchasing an additional 5,009 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the sale, the director owned 29,733 shares in the company, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on LNG. Stifel Nicolaus reduced their target price on Cheniere Energy from $255.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Friday, May 9th. Bank of America lifted their target price on Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a report on Wednesday, June 25th. Finally, TD Cowen lifted their target price on Cheniere Energy from $260.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.36.

Cheniere Energy Stock Up 2.9%

Shares of Cheniere Energy stock opened at $235.13 on Wednesday. The business’s 50 day simple moving average is $234.99 and its 200 day simple moving average is $229.30. Cheniere Energy, Inc. has a 52-week low of $167.66 and a 52-week high of $257.65. The firm has a market cap of $52.15 billion, a PE ratio of 17.20 and a beta of 0.42. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same period in the prior year, the business posted $2.13 EPS. The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. On average, analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 annualized dividend and a yield of 0.85%. Cheniere Energy’s payout ratio is presently 14.63%.

Cheniere Energy 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.