New England Research & Management Inc. Buys Shares of 5,850 Cheniere Energy, Inc. (NYSE:LNG)

New England Research & Management Inc. purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,850 shares of the energy company’s stock, valued at approximately $1,257,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB raised its holdings in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after buying an additional 75 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy during the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in shares of Cheniere Energy in the 3rd quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in Cheniere Energy in the 2nd quarter worth approximately $30,000. Finally, Adirondack Trust Co. bought a new stake in Cheniere Energy during the fourth quarter worth approximately $43,000. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LNG. Bank of America assumed coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. The Goldman Sachs Group upped their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Stifel Nicolaus lifted their price target on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, UBS Group increased their price objective on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target of $232.36.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $228.14 on Thursday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The firm has a market cap of $51.19 billion, a P/E ratio of 14.57 and a beta of 0.99. The firm’s 50-day simple moving average is $222.87 and its 200-day simple moving average is $198.62.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.37 EPS. As a group, research analysts expect that Cheniere Energy, Inc. will post 12.67 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $0.50 dividend. The ex-dividend date is Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.88%. Cheniere Energy’s dividend payout ratio is presently 12.77%.

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.