Wellington Management Group LLP Boosts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Wellington Management Group LLP lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,227,400 shares of the energy company’s stock after purchasing an additional 19,674 shares during the quarter. Wellington Management Group LLP owned 0.52% of Cheniere Energy worth $209,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of LNG. Envestnet Portfolio Solutions Inc. purchased a new position in Cheniere Energy in the 3rd quarter worth about $742,000. Envestnet Asset Management Inc. raised its position in Cheniere Energy by 46.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 149,501 shares of the energy company’s stock worth $24,811,000 after buying an additional 47,519 shares during the last quarter. Nordea Investment Management AB raised its position in Cheniere Energy by 4.7% in the 3rd quarter. Nordea Investment Management AB now owns 16,622 shares of the energy company’s stock worth $2,758,000 after buying an additional 746 shares during the last quarter. Glenview Trust co raised its position in Cheniere Energy by 14.1% in the 3rd quarter. Glenview Trust co now owns 2,925 shares of the energy company’s stock worth $485,000 after buying an additional 361 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in Cheniere Energy by 6.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,210 shares of the energy company’s stock worth $367,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of recent analyst reports. TD Cowen boosted their target price on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus boosted their target price on Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. boosted their target price on Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Redburn Atlantic assumed coverage on Cheniere Energy in a research note on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target for the company. Finally, StockNews.com downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $198.64.

Cheniere Energy Trading Up 4.0 %

Shares of NYSE:LNG opened at $161.25 on Wednesday. The company’s 50 day moving average is $158.06. The company has a market cap of $36.91 billion, a P/E ratio of 7.85 and a beta of 0.96. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58. Cheniere Energy, Inc. has a 12-month low of $146.41 and a 12-month high of $183.46.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The company’s revenue was down 41.8% compared to the same quarter last year. During the same quarter last year, the firm posted $6.89 earnings per share. Equities research analysts predict that Cheniere Energy, Inc. will post 8.42 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 9th will be paid a dividend of $0.435 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.08%. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

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.