Frontier Capital Management Co. LLC Purchases Shares of 180,474 Cheniere Energy, Inc. (NYSE:LNG)

Frontier Capital Management Co. LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 180,474 shares of the energy company’s stock, valued at approximately $38,778,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LNG. FWL Investment Management LLC boosted its position in shares of Cheniere Energy by 1.0% during the fourth quarter. FWL Investment Management LLC now owns 49,887 shares of the energy company’s stock valued at $10,719,000 after buying an additional 492 shares during the last quarter. Clark Capital Management Group Inc. purchased a new position in Cheniere Energy during the fourth quarter worth about $291,000. EP Wealth Advisors LLC bought a new position in shares of Cheniere Energy during the 4th quarter worth approximately $273,000. CoreCap Advisors LLC increased its position in shares of Cheniere Energy by 7.0% during the fourth quarter. CoreCap Advisors LLC now owns 3,755 shares of the energy company’s stock valued at $807,000 after acquiring an additional 246 shares during the last quarter. Finally, Corvex Management LP boosted its holdings in shares of Cheniere Energy by 9.7% in the 4th quarter. Corvex Management LP now owns 140,400 shares of the energy company’s stock worth $30,168,000 after buying an additional 12,400 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the sale, the director now owns 33,934 shares in the company, valued at $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

Cheniere Energy Price Performance

LNG opened at $237.64 on Friday. The stock has a market capitalization of $52.95 billion, a P/E ratio of 16.70 and a beta of 0.41. The stock has a 50-day moving average price of $224.57 and a 200-day moving average price of $219.43. Cheniere Energy, Inc. has a 12-month low of $153.03 and a 12-month high of $257.65. 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 (NYSE:LNG) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.31 by ($1.74). Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. During the same quarter in the prior year, the company earned $2.13 earnings per share. Cheniere Energy’s quarterly revenue was up 28.0% compared to the same quarter last year. Equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Friday, May 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, May 9th. Cheniere Energy’s dividend payout ratio is currently 14.05%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group reaffirmed a “buy” rating and issued a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. TD Cowen boosted their price objective on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Argus initiated coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They issued a “buy” rating and a $255.00 target price for the company. Scotiabank lowered their price target on shares of Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 29th. Finally, Raymond James reaffirmed a “strong-buy” rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $251.46.

About Cheniere Energy

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.