MTM Investment Management LLC Invests $62,000 in Cheniere Energy, Inc. $LNG
by Renee Jackson · The Cerbat GemMTM Investment Management LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 256 shares of the energy company’s stock, valued at approximately $62,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in Cheniere Energy during the fourth quarter worth $335,000. SBI Securities Co. Ltd. boosted its stake in Cheniere Energy by 49.3% in the first quarter. SBI Securities Co. Ltd. now owns 321 shares of the energy company’s stock valued at $74,000 after buying an additional 106 shares in the last quarter. Graypoint LLC bought a new position in Cheniere Energy in the first quarter valued at about $214,000. Private Advisor Group LLC raised its stake in Cheniere Energy by 48.3% during the first quarter. Private Advisor Group LLC now owns 5,833 shares of the energy company’s stock worth $1,350,000 after acquiring an additional 1,899 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in Cheniere Energy by 385.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 7,026 shares of the energy company’s stock valued at $1,626,000 after purchasing an additional 5,580 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.
Cheniere Energy Stock Up 0.9%
Cheniere Energy stock opened at $215.20 on Monday. The firm has a market capitalization of $46.32 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36. The firm’s fifty day moving average price is $225.09 and its two-hundred day moving average price is $231.73. Cheniere Energy, Inc. has a 1-year low of $188.70 and a 1-year high of $257.65. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96.
Cheniere Energy (NYSE:LNG – Get Free Report) last issued its quarterly earnings data 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 return on equity of 37.83% and a net margin of 21.05%.The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.87 billion. During the same period in the prior year, the business posted $3.93 earnings per share. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.
Cheniere Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Friday, November 7th will be given a dividend of $0.555 per share. The ex-dividend date is Friday, November 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 annualized dividend and a yield of 1.0%. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.37%.
Analysts Set New Price Targets
Several research firms have recently issued reports on LNG. Jefferies Financial Group set a $290.00 price objective on Cheniere Energy in a research note on Thursday, October 30th. Scotiabank reduced their target price on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a report on Thursday. Wells Fargo & Company raised their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. BMO Capital Markets started coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They issued an “outperform” rating and a $268.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $268.47.
Get Our Latest Analysis on LNG
Insiders Place Their Bets
In related news, Director W Benjamin Moreland acquired 5,000 shares of the stock in a transaction on 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 owned 9,856 shares in the company, valued at approximately $2,052,216.32. The trade was a 102.97% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.
About Cheniere Energy
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.
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