Desjardins Global Asset Management Inc. Has $234,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Desjardins Global Asset Management Inc. raised its position in Cheniere Energy, Inc. (NYSE:LNG) by 81.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,370 shares of the energy company’s stock after buying an additional 616 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Cheniere Energy were worth $234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC acquired a new position in Cheniere Energy in the third quarter valued at about $25,000. Strategic Investment Solutions Inc. IL acquired a new position in Cheniere Energy in the first quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. boosted its position in Cheniere Energy by 203.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock valued at $29,000 after buying an additional 118 shares in the last quarter. OFI Invest Asset Management acquired a new position in Cheniere Energy in the third quarter valued at about $40,000. Finally, Geneos Wealth Management Inc. boosted its position in Cheniere Energy by 48.1% in the third quarter. Geneos Wealth Management Inc. now owns 274 shares of the energy company’s stock valued at $45,000 after buying an additional 89 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

LNG opened at $160.47 on Friday. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. The company has a market capitalization of $37.01 billion, a P/E ratio of 3.96 and a beta of 0.94. The business’s 50 day simple moving average is $158.13. Cheniere Energy, Inc. has a fifty-two week low of $135.30 and a fifty-two week high of $183.46.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $3.06. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. Cheniere Energy’s revenue for the quarter was down 46.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $15.78 earnings per share. As a group, analysts expect that Cheniere Energy, Inc. will post 8.39 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, February 5th. Cheniere Energy’s dividend payout ratio (DPR) is 4.30%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LNG. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. TD Cowen reduced their target price on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Redburn Atlantic began coverage on shares of Cheniere Energy in a research report on Tuesday. They set a “neutral” rating and a $162.00 target price on the stock. Finally, Barclays upped their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus target price of $193.30.

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.