MassMutual Private Wealth & Trust FSB Boosts Position in Cheniere Energy, Inc. (NYSE:LNG)

MassMutual Private Wealth & Trust FSB boosted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 170.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119 shares of the energy company’s stock after acquiring an additional 75 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Cheniere Energy were worth $26,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in Cheniere Energy by 195.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after buying an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Cheniere Energy by 91.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Cheniere Energy by 328.2% in the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock valued at $160,885,000 after purchasing an additional 685,662 shares during the period. National Bank of Canada FI boosted its holdings in Cheniere Energy by 472.1% during the third quarter. National Bank of Canada FI now owns 283,810 shares of the energy company’s stock worth $50,965,000 after buying an additional 234,202 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Cheniere Energy by 77.5% in the 3rd quarter. Bank of Montreal Can now owns 433,686 shares of the energy company’s stock worth $77,903,000 after acquiring an additional 189,396 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the subject of several research reports. Royal Bank of Canada lifted their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group raised their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Scotiabank increased their price target on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Bank of America assumed coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective on the stock. Finally, UBS Group boosted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $231.64.

Cheniere Energy Stock Down 1.1 %

NYSE:LNG opened at $231.73 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The company has a market capitalization of $51.99 billion, a price-to-earnings ratio of 14.80 and a beta of 0.99. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $257.65. The stock has a 50-day simple moving average of $222.57 and a 200 day simple moving average of $197.62.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm posted $2.37 earnings per share. Cheniere Energy’s quarterly revenue was down 9.5% compared to the same quarter last year. Sell-side analysts predict that Cheniere Energy, Inc. will post 12.67 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.86%. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Cheniere Energy 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.