Resona Asset Management Co. Ltd. Purchases New Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Resona Asset Management Co. Ltd. bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 68,528 shares of the energy company’s stock, valued at approximately $14,687,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in shares of Cheniere Energy by 10.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock valued at $99,000 after purchasing an additional 43 shares during the period. Flagship Harbor Advisors LLC grew its holdings in shares of Cheniere Energy by 2.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after purchasing an additional 46 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Cheniere Energy by 1.7% during the fourth quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company’s stock worth $719,000 after acquiring an additional 55 shares during the period. American Money Management LLC boosted its stake in shares of Cheniere Energy by 0.5% in the 4th quarter. American Money Management LLC now owns 10,987 shares of the energy company’s stock valued at $2,361,000 after buying an additional 55 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Cheniere Energy by 0.8% during the 4th quarter. Parallel Advisors LLC now owns 7,043 shares of the energy company’s stock worth $1,513,000 after acquiring an additional 59 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now owns 33,934 shares of the company’s stock, valued at $7,448,852.34. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.29% of the company’s stock.

Cheniere Energy Price Performance

NYSE:LNG opened at $196.84 on Monday. The company’s 50-day moving average is $221.78 and its two-hundred day moving average is $212.44. 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 firm has a market cap of $44.03 billion, a price-to-earnings ratio of 13.83 and a beta of 0.67. Cheniere Energy, Inc. has a 12-month low of $152.88 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating the consensus estimate of $2.74 by $1.59. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) is currently 14.05%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LNG. TD Cowen raised their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Argus began coverage on Cheniere Energy in a report on Tuesday, March 18th. They set a “buy” rating and a $255.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group reiterated a “buy” rating and set a $277.00 target price on shares of Cheniere Energy in a research report on Tuesday, March 18th. Finally, Barclays increased their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $239.79.

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.