Meritage Portfolio Management Boosts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Meritage Portfolio Management increased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,193 shares of the energy company’s stock after acquiring an additional 8,860 shares during the period. Cheniere Energy comprises approximately 1.6% of Meritage Portfolio Management’s portfolio, making the stock its 7th biggest holding. Meritage Portfolio Management’s holdings in Cheniere Energy were worth $23,932,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sapient Capital LLC purchased a new position in Cheniere Energy in the fourth quarter worth $1,283,000. Mackenzie Financial Corp increased its position in shares of Cheniere Energy by 28.9% during the 4th quarter. Mackenzie Financial Corp now owns 198,555 shares of the energy company’s stock valued at $33,895,000 after purchasing an additional 44,508 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Cheniere Energy during the 4th quarter valued at about $1,144,000. Rheos Capital Works Inc. purchased a new position in shares of Cheniere Energy during the 4th quarter valued at about $8,894,000. Finally, Riverstone Advisors LLC lifted its position in Cheniere Energy by 3.6% in the 4th quarter. Riverstone Advisors LLC now owns 14,882 shares of the energy company’s stock worth $2,540,000 after buying an additional 513 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the topic of a number of recent research reports. Barclays increased their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. UBS Group reduced their target price on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a report on Wednesday. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Redburn Atlantic started coverage on Cheniere Energy in a report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective on the stock. Finally, TD Cowen dropped their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.90.

Cheniere Energy Stock Down 0.1 %

Shares of NYSE:LNG traded down $0.15 during midday trading on Friday, reaching $159.21. The company’s stock had a trading volume of 685,244 shares, compared to its average volume of 1,877,216. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. The business has a 50 day moving average of $157.98. The stock has a market capitalization of $36.72 billion, a price-to-earnings ratio of 3.94 and a beta of 0.94. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data 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. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter in the prior year, the company earned $15.78 earnings per share. The business’s revenue was down 46.9% compared to the same quarter last year. On average, research analysts predict that Cheniere Energy, Inc. will post 8.39 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.09%. Cheniere Energy’s payout ratio is 4.30%.

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.