AustralianSuper Pty Ltd Acquires New Position in Cheniere Energy, Inc. $LNG

AustralianSuper Pty Ltd bought a new position in Cheniere Energy, Inc. (NYSE:LNG) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 607,234 shares of the energy company’s stock, valued at approximately $142,688,000. AustralianSuper Pty Ltd owned approximately 0.28% of Cheniere Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LNG. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Cheniere Energy by 1.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,298 shares of the energy company’s stock valued at $9,469,000 after purchasing an additional 636 shares in the last quarter. Truist Financial Corp boosted its stake in Cheniere Energy by 75.5% during the third quarter. Truist Financial Corp now owns 43,409 shares of the energy company’s stock worth $10,200,000 after buying an additional 18,672 shares during the last quarter. Bensler LLC grew its holdings in Cheniere Energy by 7.0% in the 3rd quarter. Bensler LLC now owns 45,541 shares of the energy company’s stock valued at $10,701,000 after buying an additional 2,999 shares in the last quarter. National Wealth Management Group LLC increased its stake in shares of Cheniere Energy by 171.5% in the 3rd quarter. National Wealth Management Group LLC now owns 3,109 shares of the energy company’s stock worth $731,000 after acquiring an additional 1,964 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Cheniere Energy by 1.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 25,336 shares of the energy company’s stock worth $5,955,000 after acquiring an additional 404 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland purchased 5,000 shares of Cheniere Energy stock in a transaction dated Tuesday, November 4th. The shares were acquired 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 of the company’s stock, valued at $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LNG shares. Jefferies Financial Group set a $251.00 price objective on shares of Cheniere Energy in a report on Sunday. Bank of America decreased their target price on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Scotiabank reissued an “outperform” rating and issued a $266.00 price target on shares of Cheniere Energy in a research note on Friday, January 16th. Citigroup reduced their price target on shares of Cheniere Energy from $283.00 to $280.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Finally, Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $263.29.

Cheniere Energy Stock Up 1.1%

NYSE:LNG opened at $207.91 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The stock’s fifty day moving average is $199.10 and its two-hundred day moving average is $218.48. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $246.42. The stock has a market capitalization of $44.75 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 6.61 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations 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 was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.93 earnings per share. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 6th will be given a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, February 6th. Cheniere Energy’s payout ratio is currently 12.37%.

Cheniere Energy 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.