KCM Investment Advisors LLC Acquires Shares of 993 Cheniere Energy, Inc. (NYSE:LNG)

KCM Investment Advisors LLC bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 993 shares of the energy company’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank bought a new stake in shares of Cheniere Energy in the fourth quarter worth $629,197,000. Ninety One UK Ltd increased its position in shares of Cheniere Energy by 1,400.7% in the 4th quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company’s stock worth $324,393,000 after purchasing an additional 1,409,116 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Cheniere Energy by 61.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock valued at $357,638,000 after purchasing an additional 631,787 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Cheniere Energy during the fourth quarter worth about $130,772,000. Finally, Proficio Capital Partners LLC grew its stake in Cheniere Energy by 18,281.6% in the fourth quarter. Proficio Capital Partners LLC now owns 575,897 shares of the energy company’s stock worth $123,743,000 after purchasing an additional 572,764 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LNG has been the topic of several research reports. StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. The Goldman Sachs Group upped their price target on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Morgan Stanley lifted their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. UBS Group reissued a “buy” rating and set a $277.00 target price on shares of Cheniere Energy in a report on Tuesday, March 18th. Finally, Barclays lifted their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $239.79.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the transaction, the director now directly owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.29% of the stock is owned by corporate insiders.

Cheniere Energy Stock Performance

Shares of LNG opened at $196.84 on Monday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The firm’s 50 day moving average is $221.78 and its 200-day moving average is $212.44. Cheniere Energy, Inc. has a 12-month low of $152.88 and a 12-month high of $257.65. The stock has a market capitalization of $44.03 billion, a P/E ratio of 13.83 and a beta of 0.67.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 1.02%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

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.