Monetary Management Group Inc. Acquires 100 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Monetary Management Group Inc. increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,826 shares of the energy company’s stock after purchasing an additional 100 shares during the quarter. Monetary Management Group Inc.’s holdings in Cheniere Energy were worth $1,037,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Cheniere Energy in the 4th quarter valued at approximately $629,197,000. Ninety One UK Ltd raised its holdings in shares of Cheniere Energy by 1,400.7% in the fourth quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company’s stock valued at $324,393,000 after purchasing an additional 1,409,116 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Cheniere Energy by 61.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after purchasing an additional 631,787 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Cheniere Energy during the fourth quarter worth $130,772,000. Finally, Proficio Capital Partners LLC boosted its holdings in Cheniere Energy by 18,281.6% during the fourth quarter. Proficio Capital Partners LLC now owns 575,897 shares of the energy company’s stock worth $123,743,000 after purchasing an additional 572,764 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $213.07 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. The stock has a fifty day simple moving average of $219.71 and a two-hundred day simple moving average of $213.19. Cheniere Energy, Inc. has a 1-year low of $152.88 and a 1-year high of $257.65. The firm has a market cap of $47.66 billion, a price-to-earnings ratio of 14.97 and a beta of 0.67.

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, topping the consensus estimate of $2.74 by $1.59. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. Cheniere Energy’s payout ratio is 14.05%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Mizuho boosted their price target on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. UBS Group reiterated a “buy” rating and set a $277.00 target price on shares of Cheniere Energy in a report on Tuesday, March 18th. Wells Fargo & Company raised their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. TD Cowen upped their price objective on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Argus initiated coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They issued a “buy” rating and a $255.00 target price for the company. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average target price of $239.79.

Insiders Place Their Bets

In related news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now directly owns 33,934 shares in the company, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company’s stock.

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.