Bank Julius Baer & Co. Ltd Zurich Grows Holdings in Cheniere Energy, Inc. $LNG

Bank Julius Baer & Co. Ltd Zurich raised its position in Cheniere Energy, Inc. (NYSE:LNG) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,365 shares of the energy company’s stock after buying an additional 277 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Cheniere Energy were worth $4,229,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Cheniere Energy in the fourth quarter worth $335,000. Private Advisor Group LLC boosted its holdings in shares of Cheniere Energy by 48.3% in the 1st quarter. Private Advisor Group LLC now owns 5,833 shares of the energy company’s stock worth $1,350,000 after buying an additional 1,899 shares during the last quarter. Choreo LLC grew its position in Cheniere Energy by 5.6% during the first quarter. Choreo LLC now owns 5,142 shares of the energy company’s stock valued at $1,190,000 after buying an additional 271 shares during the period. Y Intercept Hong Kong Ltd increased its holdings in Cheniere Energy by 399.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 5,078 shares of the energy company’s stock worth $1,175,000 after buying an additional 4,062 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Cheniere Energy by 4.0% in the first quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company’s stock worth $314,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE LNG opened at $205.40 on Friday. The company’s 50 day simple moving average is $222.59 and its two-hundred day simple moving average is $230.94. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. Cheniere Energy, Inc. has a 1 year low of $188.70 and a 1 year high of $257.65. The stock has a market capitalization of $44.21 billion, a PE ratio of 11.99, a P/E/G ratio of 6.08 and a beta of 0.36.

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

Cheniere Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were given 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 was Friday, November 7th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. Cheniere Energy’s dividend payout ratio is 12.37%.

Insider Activity at Cheniere Energy

In related news, Director W Benjamin Moreland acquired 5,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets initiated coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They set an “outperform” rating and a $268.00 price target for the company. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Raymond James Financial reissued a “strong-buy” rating and issued a $278.00 price target (up previously from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. Wells Fargo & Company raised their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Finally, Jefferies Financial Group set a $290.00 target price on shares of Cheniere Energy in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $268.47.

About Cheniere Energy

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.