Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,746 shares of the energy company’s stock after acquiring an additional 746 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Cheniere Energy were worth $3,542,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of LNG. Norges Bank acquired a new position in shares of Cheniere Energy in the fourth quarter worth $308,910,000. Canada Pension Plan Investment Board grew its stake in shares of Cheniere Energy by 73.0% during the third quarter. Canada Pension Plan Investment Board now owns 1,496,100 shares of the energy company’s stock worth $248,293,000 after purchasing an additional 631,100 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Cheniere Energy by 702.1% during the third 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Cheniere Energy by 35.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,399,852 shares of the energy company’s stock worth $232,319,000 after purchasing an additional 367,275 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in shares of Cheniere Energy by 126.8% during the third quarter. Lord Abbett & CO. LLC now owns 645,523 shares of the energy company’s stock worth $107,131,000 after purchasing an additional 360,915 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Up 0.7 %

Shares of LNG traded up $1.09 during mid-day trading on Thursday, reaching $159.98. The company had a trading volume of 158,649 shares, compared to its average volume of 1,877,307. The firm has a market capitalization of $36.62 billion, a PE ratio of 7.73 and a beta of 0.95. The company’s fifty day simple moving average is $158.59. Cheniere Energy, Inc. has a fifty-two week low of $135.30 and a fifty-two week high of $183.46. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.92 and a current ratio of 0.98.

Cheniere Energy (NYSE:LNG) last announced 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). The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The firm’s revenue for the quarter was down 41.8% compared to the same quarter last year. During the same quarter last year, the business earned $6.89 EPS. As a group, equities analysts predict that Cheniere Energy, Inc. will post 8.44 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 10th were issued a dividend of $0.435 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.74 annualized dividend and a dividend yield of 1.09%. Cheniere Energy’s payout ratio is 8.48%.

Analyst Ratings Changes

A number of brokerages recently commented on LNG. JPMorgan Chase & Co. boosted their target price on shares of Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Stifel Nicolaus boosted their price target on shares of Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, May 6th. UBS Group reduced their price target on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Finally, TD Cowen reduced their price target on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.00.

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.