Toroso Investments LLC lifted its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) by 212.7% during the third quarter, Holdings Channel reports. The fund owned 15,068 shares of the energy company’s stock after acquiring an additional 10,249 shares during the quarter. Toroso Investments LLC’s holdings in Cheniere Energy were worth $2,500,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of Cheniere Energy by 16.0% in the 2nd quarter. Rhumbline Advisers now owns 251,472 shares of the energy company’s stock valued at $33,453,000 after acquiring an additional 34,718 shares in the last quarter. JPMorgan Chase & Co. increased its position in Cheniere Energy by 17.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,030,116 shares of the energy company’s stock worth $536,126,000 after buying an additional 606,893 shares during the period. Ieq Capital LLC increased its position in Cheniere Energy by 81.7% in the 3rd quarter. Ieq Capital LLC now owns 4,418 shares of the energy company’s stock worth $733,000 after buying an additional 1,987 shares during the period. Worldquant Millennium Advisors LLC bought a new position in Cheniere Energy in the 2nd quarter worth approximately $763,000. Finally, Atria Investments LLC increased its position in Cheniere Energy by 51.2% in the 2nd quarter. Atria Investments LLC now owns 23,801 shares of the energy company’s stock worth $3,166,000 after buying an additional 8,060 shares during the period. 84.25% of the stock is owned by institutional investors.
In related news, Director Vicky A. Bailey sold 2,700 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $141.50, for a total value of $382,050.00. Following the completion of the sale, the director now owns 33,862 shares in the company, valued at $4,791,473. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Cheniere Energy Trading Up 1.9 %
Shares of LNG stock opened at $146.88 on Friday. The company has a fifty day moving average of $154.47. The firm has a market cap of $36.52 billion, a price-to-earnings ratio of -9.62 and a beta of 1.00. Cheniere Energy, Inc. has a one year low of $120.09 and a one year high of $182.35.
Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The energy company reported $15.78 EPS for the quarter, beating the consensus estimate of $7.08 by $8.70. The business had revenue of $9.09 billion for the quarter, compared to analyst estimates of $8.04 billion. Cheniere Energy had a negative return on equity of 249.96% and a negative net margin of 12.40%. Cheniere Energy’s quarterly revenue was up 42.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($5.22) EPS. As a group, research analysts anticipate that Cheniere Energy, Inc. will post -7.54 EPS for the current year.
Cheniere Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, February 27th. Stockholders of record on Tuesday, February 7th were paid a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Monday, February 6th. Cheniere Energy’s dividend payout ratio (DPR) is presently -10.35%.
Cheniere Energy Profile
Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.
- Get a free copy of the StockNews.com research report on Cheniere Energy (LNG)
- Don’t Miss Out: $2 Trillion Could be Headed to the Banking Sector
- A Weakening Economy Suggests Caution Before Buying Five Below
- Williams-Sonoma: Time To Buy At Rock-Bottom Prices
- Why DraftKings Could Keep Outperforming in 2023
- Charles Schwab And The Safest 30% You Can Make This Year
Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating).
Receive News & Ratings for Cheniere Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheniere Energy and related companies with MarketBeat.com's FREE daily email newsletter.