Mitsubishi UFJ Trust & Banking Corp Buys 833,723 Shares of Cheniere Energy, Inc. $LNG

Mitsubishi UFJ Trust & Banking Corp increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 704.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 952,092 shares of the energy company’s stock after purchasing an additional 833,723 shares during the period. Cheniere Energy makes up 0.5% of Mitsubishi UFJ Trust & Banking Corp’s holdings, making the stock its 28th largest position. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cheniere Energy were worth $231,853,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. National Pension Service lifted its holdings in shares of Cheniere Energy by 82.9% in the second quarter. National Pension Service now owns 584,109 shares of the energy company’s stock valued at $142,248,000 after purchasing an additional 264,735 shares in the last quarter. Verus Capital Partners LLC grew its holdings in shares of Cheniere Energy by 21.5% during the second quarter. Verus Capital Partners LLC now owns 1,564 shares of the energy company’s stock worth $381,000 after buying an additional 277 shares in the last quarter. CENTRAL TRUST Co raised its position in Cheniere Energy by 7.0% in the 2nd quarter. CENTRAL TRUST Co now owns 13,795 shares of the energy company’s stock valued at $3,359,000 after buying an additional 907 shares during the last quarter. Vise Technologies Inc. bought a new stake in Cheniere Energy in the 2nd quarter valued at approximately $1,515,000. Finally, Allworth Financial LP lifted its stake in Cheniere Energy by 83.2% in the 2nd quarter. Allworth Financial LP now owns 12,055 shares of the energy company’s stock valued at $2,936,000 after acquiring an additional 5,474 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Insider Activity

In other Cheniere Energy news, Director W Benjamin Moreland acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was bought at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the transaction, the director directly owned 9,856 shares in the company, valued at approximately $2,052,216.32. This represents a 102.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

Cheniere Energy Stock Performance

Shares of LNG opened at $212.02 on Wednesday. The company has a market cap of $45.63 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36. The firm has a 50-day moving average of $226.50 and a 200-day moving average of $232.18. Cheniere Energy, Inc. has a one year low of $188.70 and a one year high of $257.65. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the prior year, the firm earned $3.93 EPS. Cheniere Energy’s quarterly revenue was up 18.0% compared to the same quarter last year. As a group, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th will be paid a $0.555 dividend. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, November 7th. Cheniere Energy’s dividend payout ratio is currently 12.37%.

Wall Street Analysts Forecast Growth

LNG has been the subject of several research reports. Erste Group Bank cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday. Jefferies Financial Group set a $290.00 target price on shares of Cheniere Energy in a report on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. BMO Capital Markets started coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They set an “outperform” rating and a $268.00 price objective for the company. Finally, Mizuho raised their price objective on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target of $268.73.

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.