Railway Pension Investments Ltd Boosts Stake in Cheniere Energy, Inc. $LNG

Railway Pension Investments Ltd increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 62.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 777,200 shares of the energy company’s stock after purchasing an additional 300,100 shares during the period. Cheniere Energy accounts for about 2.5% of Railway Pension Investments Ltd’s holdings, making the stock its 14th biggest holding. Railway Pension Investments Ltd owned approximately 0.35% of Cheniere Energy worth $182,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pinnacle Bancorp Inc. lifted its stake 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 worth $25,000 after acquiring an additional 59 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in Cheniere Energy in the third quarter worth about $25,000. Westside Investment Management Inc. increased its holdings in Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after buying an additional 90 shares during the last quarter. Hilltop National Bank acquired a new stake in Cheniere Energy during the second quarter valued at approximately $28,000. Finally, Richardson Financial Services Inc. acquired a new position in shares of Cheniere Energy in the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cheniere Energy in a report on Monday, December 29th. BMO Capital Markets reissued an “outperform” rating and set a $254.00 target price on shares of Cheniere Energy in a research note on Wednesday, December 17th. Erste Group Bank lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Raymond James Financial reiterated 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. Finally, Bank of America cut their price objective on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. One investment 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 company. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $267.53.

Cheniere Energy Stock Up 1.6%

Shares of NYSE:LNG opened at $197.45 on Monday. The firm has a 50 day simple moving average of $202.85 and a 200 day simple moving average of $222.94. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $257.65. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 0.94. The company has a market cap of $42.50 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 6.35 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data 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 21.12% and a return on equity of 37.52%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.93 EPS. As a group, research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share 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%.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were purchased at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the transaction, the director owned 9,856 shares in the company, valued at $2,052,216.32. The trade was a 102.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

About Cheniere Energy

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.