Cheniere Energy, Inc. (NYSE:LNG) Position Boosted by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 81.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,370 shares of the energy company’s stock after purchasing an additional 616 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Cheniere Energy were worth $234,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. HHM Wealth Advisors LLC bought a new position in shares of Cheniere Energy during the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new position in Cheniere Energy in the first quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Cheniere Energy by 203.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after acquiring an additional 118 shares during the last quarter. OFI Invest Asset Management bought a new position in Cheniere Energy in the third quarter worth about $40,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Cheniere Energy by 48.1% in the third quarter. Geneos Wealth Management Inc. now owns 274 shares of the energy company’s stock worth $45,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE LNG opened at $160.47 on Friday. Cheniere Energy, Inc. has a 12 month low of $135.30 and a 12 month high of $183.46. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. The firm has a market capitalization of $37.01 billion, a price-to-earnings ratio of 3.96 and a beta of 0.94. The company’s 50 day moving average is $158.13.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter last year, the business earned $15.78 earnings per share. The business’s revenue for the quarter was down 46.9% on a year-over-year basis. Sell-side analysts anticipate that Cheniere Energy, Inc. will post 8.39 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were paid a dividend of $0.435 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.08%. Cheniere Energy’s dividend payout ratio is presently 4.30%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LNG. StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Redburn Atlantic began coverage on shares of Cheniere Energy in a report on Tuesday. They issued a “neutral” rating and a $162.00 target price on the stock. TD Cowen cut their target price on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Finally, Barclays raised their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $193.30.

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.