Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Cheniere Energy, Inc. (NYSE:LNG) by 81.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,964 shares of the energy company’s stock after buying an additional 10,775 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Cheniere Energy were worth $3,865,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Cheniere Energy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 22,529,191 shares of the energy company’s stock valued at $3,845,958,000 after buying an additional 151,311 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Cheniere Energy by 5.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company’s stock valued at $672,559,000 after buying an additional 220,802 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Cheniere Energy by 3.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,950,011 shares of the energy company’s stock valued at $332,886,000 after buying an additional 64,297 shares during the period. Norges Bank acquired a new position in shares of Cheniere Energy in the 4th quarter valued at about $308,910,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Cheniere Energy by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,255,761 shares of the energy company’s stock valued at $214,375,000 after buying an additional 108,496 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LNG. Sanford C. Bernstein began coverage on Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating for the company. TD Cowen lifted their price target on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. UBS Group cut their price target on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Stifel Nicolaus lifted their price target on Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average target price of $198.64.

Cheniere Energy Stock Up 0.8 %

Shares of Cheniere Energy stock traded up $1.37 on Tuesday, hitting $174.45. 1,666,292 shares of the company were exchanged, compared to its average volume of 1,955,187. The stock has a market cap of $39.93 billion, a PE ratio of 8.50 and a beta of 0.96. The stock’s 50-day moving average is $159.97. Cheniere Energy, Inc. has a 1-year low of $148.57 and a 1-year high of $183.46. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The company’s revenue for the quarter was down 41.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.89 earnings per share. Research analysts forecast that Cheniere Energy, Inc. will post 8.33 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, August 9th. Cheniere Energy’s dividend payout ratio is currently 8.48%.

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.