GAMMA Investing LLC Purchases 146 Shares of Cheniere Energy, Inc. (NYSE:LNG)

GAMMA Investing LLC raised its position in Cheniere Energy, Inc. (NYSE:LNG) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,351 shares of the energy company’s stock after acquiring an additional 146 shares during the quarter. GAMMA Investing LLC’s holdings in Cheniere Energy were worth $290,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LNG. Continuum Advisory LLC increased its holdings in Cheniere Energy by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock valued at $2,323,000 after purchasing an additional 3,828 shares during the period. Jennison Associates LLC increased its stake in shares of Cheniere Energy by 2.9% during the third quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock valued at $238,173,000 after buying an additional 37,729 shares during the period. M&G PLC raised its holdings in shares of Cheniere Energy by 21.0% during the third quarter. M&G PLC now owns 268,834 shares of the energy company’s stock valued at $48,390,000 after acquiring an additional 46,602 shares in the last quarter. Nwam LLC bought a new position in shares of Cheniere Energy during the third quarter valued at approximately $2,747,000. Finally, Victory Capital Management Inc. lifted its stake in Cheniere Energy by 2.5% in the third quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company’s stock worth $20,436,000 after acquiring an additional 2,768 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Price Performance

LNG opened at $223.66 on Tuesday. The firm has a market cap of $50.18 billion, a PE ratio of 14.28 and a beta of 0.99. The stock has a 50-day moving average price of $211.88 and a 200-day moving average price of $191.52. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $228.10. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period last year, the business posted $2.37 EPS. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s payout ratio is currently 12.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LNG. UBS Group boosted their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Barclays increased their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. TD Cowen lifted their price objective on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada increased their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus target price of $225.00.

Cheniere Energy Company Profile

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.