Assenagon Asset Management S.A. Purchases 3,464 Shares of Cheniere Energy, Inc. $LNG

Assenagon Asset Management S.A. grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191,962 shares of the energy company’s stock after buying an additional 3,464 shares during the quarter. Assenagon Asset Management S.A. owned 0.09% of Cheniere Energy worth $45,107,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. raised its holdings in shares of Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Westside Investment Management Inc. increased its position in Cheniere Energy by 473.7% during the 2nd 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 bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at about $28,000. Richardson Financial Services Inc. purchased a new stake in shares of Cheniere Energy in the 2nd quarter worth approximately $30,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in shares of Cheniere Energy during the second quarter valued at approximately $34,000. Institutional investors own 87.26% of the company’s stock.

Insider Activity at Cheniere Energy

In related news, Director W Benjamin Moreland acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the acquisition, the director directly owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This 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 accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Cheniere Energy Trading Down 0.4%

Cheniere Energy stock opened at $189.63 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.81 and a current ratio of 0.94. The stock has a market cap of $40.82 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 4.66 and a beta of 0.26. The stock has a 50-day moving average of $209.69 and a two-hundred day moving average of $226.61. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $2.00. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.93 earnings per share. On average, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were issued a $0.555 dividend. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, November 7th. Cheniere Energy’s dividend payout ratio is 12.37%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Bank of America reduced their price objective on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Erste Group Bank cut Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Jefferies Financial Group set a $290.00 target price on Cheniere Energy in a research note on Thursday, October 30th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $278.00 price target (up from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $267.53.

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.