Vega Investment Solutions Purchases 3,432 Shares of Cheniere Energy, Inc. $LNG

Vega Investment Solutions increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 2,640.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,562 shares of the energy company’s stock after purchasing an additional 3,432 shares during the quarter. Vega Investment Solutions’ holdings in Cheniere Energy were worth $867,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. lifted its holdings in shares of Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after acquiring an additional 59 shares during the period. Westside Investment Management Inc. raised its position in Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after purchasing an additional 90 shares in the last quarter. Hilltop National Bank bought a new position in Cheniere Energy during the second quarter worth about $28,000. Richardson Financial Services Inc. acquired a new stake in Cheniere Energy during the second quarter valued at approximately $30,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in Cheniere Energy during the second quarter valued at approximately $34,000. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of recent research reports. Raymond James Financial reissued a “strong-buy” rating and issued a $278.00 target price (up from $275.00) on shares of Cheniere Energy in a report on Friday, October 24th. Erste Group Bank cut Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Mizuho upped their price objective on Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Finally, BMO Capital Markets initiated coverage on Cheniere Energy in a report on Friday, September 19th. They issued an “outperform” rating and a $268.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average price target of $268.47.

Insider Activity at Cheniere Energy

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 shares were acquired at an average price 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 $2,052,216.32. This trade represents a 102.97% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Trading Down 1.1%

NYSE:LNG opened at $205.56 on Monday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.94 and a quick ratio of 0.81. The business’s 50-day simple moving average is $217.10 and its 200-day simple moving average is $229.02. Cheniere Energy, Inc. has a fifty-two week low of $188.70 and a fifty-two week high of $257.65. The stock has a market capitalization of $44.25 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 5.39 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping the consensus estimate of $2.75 by $2.00. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same period last year, the company posted $3.93 EPS. The business’s quarterly revenue was up 18.0% on a year-over-year basis. Sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were given a $0.555 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s payout ratio is 12.37%.

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.