Lincoln National Corp Raises Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Lincoln National Corp increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 367.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,300 shares of the energy company’s stock after buying an additional 4,951 shares during the period. Lincoln National Corp’s holdings in Cheniere Energy were worth $1,076,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Canada Pension Plan Investment Board boosted its position in shares of Cheniere Energy by 73.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company’s stock valued at $248,293,000 after acquiring an additional 631,100 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Cheniere Energy by 702.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 490,606 shares of the energy company’s stock worth $81,421,000 after purchasing an additional 429,438 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Cheniere Energy by 35.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,399,852 shares of the energy company’s stock valued at $232,319,000 after purchasing an additional 367,275 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in Cheniere Energy by 126.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 645,523 shares of the energy company’s stock valued at $107,131,000 after buying an additional 360,915 shares during the period. Finally, Laurion Capital Management LP lifted its position in Cheniere Energy by 107.2% in the third quarter. Laurion Capital Management LP now owns 20,012 shares of the energy company’s stock worth $3,321,000 after buying an additional 296,687 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Up 0.5 %

Shares of LNG stock opened at $157.88 on Friday. The stock has a market capitalization of $36.42 billion, a price-to-earnings ratio of 7.69 and a beta of 0.95. Cheniere Energy, Inc. has a 52-week low of $135.30 and a 52-week high of $183.46. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The company’s 50 day simple moving average is $158.06.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Cheniere Energy had a net margin of 28.55% and a return on equity of 48.95%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the business posted $6.89 earnings per share. The firm’s quarterly revenue was down 41.8% on a year-over-year basis. Analysts anticipate that Cheniere Energy, Inc. will post 8.4 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, May 9th. Cheniere Energy’s dividend payout ratio is presently 8.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LNG shares. Stifel Nicolaus increased their target price on shares of Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday. Barclays raised their price objective on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. TD Cowen reduced their price target on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Finally, Redburn Atlantic started coverage on Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 target price on the stock. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.40.

Cheniere Energy 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.