Symmetry Investments LP Takes $2.58 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Symmetry Investments LP purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,000 shares of the energy company’s stock, valued at approximately $2,578,000.

Several other institutional investors and hedge funds also recently bought and sold shares of LNG. MassMutual Private Wealth & Trust FSB boosted its holdings in Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares during the period. WR Wealth Planners LLC lifted its position in shares of Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after purchasing an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at $29,000. Nemes Rush Group LLC grew its holdings in shares of Cheniere Energy by 2,022.2% in the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock worth $41,000 after purchasing an additional 182 shares during the last quarter. Finally, Adirondack Trust Co. purchased a new position in Cheniere Energy in the 4th quarter worth about $43,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 3.0 %

Shares of NYSE:LNG opened at $230.11 on Wednesday. The stock has a market cap of $51.27 billion, a price-to-earnings ratio of 16.17 and a beta of 0.67. The business has a 50-day moving average price of $220.91 and a 200-day moving average price of $215.66. Cheniere Energy, Inc. has a 52-week low of $153.03 and a 52-week high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $1.59. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Equities analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. Cheniere Energy’s dividend payout ratio is currently 14.05%.

Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. UBS Group reiterated a “buy” rating and issued a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Argus initiated coverage on Cheniere Energy in a report on Tuesday, March 18th. They set a “buy” rating and a $255.00 price objective on the stock. TD Cowen upped their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Fifteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $245.15.

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.