AlphaQuest LLC Has $3.66 Million Stock Position in Cheniere Energy, Inc. $LNG

AlphaQuest LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 326.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,587 shares of the energy company’s stock after acquiring an additional 11,934 shares during the quarter. AlphaQuest LLC’s holdings in Cheniere Energy were worth $3,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Assetmark Inc. raised its position in shares of Cheniere Energy by 718.1% during the second quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock worth $406,000 after purchasing an additional 1,465 shares during the period. Morningstar Investment Management LLC bought a new stake in Cheniere Energy during the 2nd quarter worth approximately $1,723,000. Railway Pension Investments Ltd raised its holdings in Cheniere Energy by 62.9% during the 3rd quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock worth $182,626,000 after buying an additional 300,100 shares during the period. QRG Capital Management Inc. raised its holdings in Cheniere Energy by 3.3% during the 2nd quarter. QRG Capital Management Inc. now owns 39,440 shares of the energy company’s stock worth $9,604,000 after buying an additional 1,273 shares during the period. Finally, Nordea Investment Management AB lifted its stake in Cheniere Energy by 3.9% in the second quarter. Nordea Investment Management AB now owns 109,285 shares of the energy company’s stock valued at $26,360,000 after buying an additional 4,083 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 2.3%

NYSE:LNG opened at $212.92 on Friday. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $246.42. The firm has a market capitalization of $45.83 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 6.69 and a beta of 0.26. 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 50 day moving average price is $199.19 and its two-hundred day moving average price is $218.44.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $2.75 by $2.00. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same period last year, the business earned $3.93 earnings per share. The firm’s revenue was up 18.0% on a year-over-year basis. Equities research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, February 6th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.37%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LNG. Erste Group Bank downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $275.00 target price on shares of Cheniere Energy in a research note on Monday, November 3rd. Weiss Ratings downgraded Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 20th. Bank of America cut their price target on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Finally, Wolfe Research set a $220.00 price objective on Cheniere Energy and gave the stock an “outperform” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $263.29.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the purchase, the director owned 9,856 shares in the company, valued at approximately $2,052,216.32. The trade was a 102.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 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.