Catalyst Funds Management Pty Ltd Makes New $5.03 Million Investment in Cheniere Energy, Inc. (NYSE:LNG)

Catalyst Funds Management Pty Ltd bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, Holdings Channel.com reports. The firm bought 23,400 shares of the energy company’s stock, valued at approximately $5,028,000. Cheniere Energy comprises 1.2% of Catalyst Funds Management Pty Ltd’s holdings, making the stock its 14th biggest position.

Other hedge funds also recently made changes to their positions in the company. Miracle Mile Advisors LLC bought a new position in Cheniere Energy in the fourth quarter worth about $2,127,000. Fractal Investments LLC increased its holdings in Cheniere Energy by 31.0% in the 4th quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock worth $12,720,000 after buying an additional 14,000 shares in the last quarter. Anderson Hoagland & Co. purchased a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $2,460,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Cheniere Energy by 31.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock valued at $7,812,000 after buying an additional 8,756 shares during the last quarter. Finally, Insight Wealth Strategies LLC purchased a new position in shares of Cheniere Energy in the 4th quarter worth $4,455,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 3.3 %

Shares of LNG opened at $218.61 on Friday. The business’s 50 day moving average is $224.85 and its 200 day moving average is $207.29. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12-month low of $152.88 and a 12-month high of $257.65. The company has a market capitalization of $48.90 billion, a PE ratio of 15.36 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating the consensus estimate of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s dividend payout ratio is presently 14.05%.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now directly owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.29% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. Morgan Stanley increased their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, StockNews.com raised Cheniere Energy from a “hold” rating to a “buy” rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus target price of $236.33.

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.