Brevan Howard Capital Management LP Buys Shares of 43,941 Cheniere Energy, Inc. (NYSE:LNG)

by · The Markets Daily

Brevan Howard Capital Management LP purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 43,941 shares of the energy company’s stock, valued at approximately $9,442,000.

A number of other large investors have also recently bought and sold shares of LNG. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 last quarter. WR Wealth Planners LLC raised its holdings in Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after acquiring an additional 97 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy during the fourth quarter valued at about $29,000. Banque Transatlantique SA bought a new position in shares of Cheniere Energy in the fourth quarter worth about $32,000. Finally, Nemes Rush Group LLC boosted its stake in Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock valued at $41,000 after purchasing an additional 182 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $235.94 on Monday. Cheniere Energy, Inc. has a one year low of $153.03 and a one year high of $257.65. The stock has a market cap of $52.57 billion, a P/E ratio of 16.58 and a beta of 0.67. The company has a fifty day moving average price of $223.37 and a two-hundred day moving average price of $218.41. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG – Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. As a group, equities analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Friday, May 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. Cheniere Energy’s dividend payout ratio (DPR) is 14.05%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LNG. Bank of America lifted their price objective on Cheniere Energy from $254.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Scotiabank decreased their price objective on Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 29th. StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. TD Cowen increased their price objective on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, UBS Group restated a “buy” rating and issued a $277.00 price target on shares of Cheniere Energy in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Cheniere Energy has an average rating of “Buy” and an average price target of $251.46.

Read Our Latest Report on Cheniere Energy

Insider Buying and Selling

In other news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now directly owns 33,934 shares in the company, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by corporate insiders.

About Cheniere Energy

(Free Report)

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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