Paradigm Asset Management Co. LLC Takes $494,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Paradigm Asset Management Co. LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,300 shares of the energy company’s stock, valued at approximately $494,000.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after purchasing an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Cheniere Energy by 91.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock valued at $673,927,000 after buying an additional 1,789,919 shares in the last quarter. Ninety One UK Ltd grew its stake in Cheniere Energy by 1,400.7% in the 4th quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company’s stock valued at $324,393,000 after acquiring an additional 1,409,116 shares during the period. Two Sigma Advisers LP grew its stake in Cheniere Energy by 328.2% in the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock valued at $160,885,000 after acquiring an additional 685,662 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Cheniere Energy by 61.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after acquiring an additional 631,787 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Down 2.7 %

Shares of LNG stock opened at $220.90 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65. The company’s 50-day moving average price is $222.92 and its 200-day moving average price is $203.27. The stock has a market cap of $49.56 billion, a price-to-earnings ratio of 14.11 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating the consensus estimate of $2.74 by $1.59. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. As a group, equities analysts predict that Cheniere Energy, Inc. will post 12.77 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.91%. Cheniere Energy’s payout ratio is 14.05%.

Wall Street Analysts Forecast Growth

LNG has been the topic of several research analyst reports. Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. UBS Group lifted their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Morgan Stanley increased their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Scotiabank raised their price objective on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company upped their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $235.75.

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.