SCP Investment LP Has $602,000 Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

SCP Investment LP decreased its position in Cheniere Energy, Inc. (NYSE:LNG) by 26.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,800 shares of the energy company’s stock after selling 1,000 shares during the period. Cheniere Energy comprises approximately 0.5% of SCP Investment LP’s holdings, making the stock its 24th largest holding. SCP Investment LP’s holdings in Cheniere Energy were worth $602,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock valued at $755,410,000 after purchasing an additional 2,776,920 shares in the last quarter. Norges Bank bought a new stake in Cheniere Energy in the 4th quarter valued at $629,197,000. Amundi lifted its holdings in shares of Cheniere Energy by 19.9% during the 4th quarter. Amundi now owns 2,696,002 shares of the energy company’s stock worth $606,907,000 after acquiring an additional 448,189 shares during the period. TD Asset Management Inc. lifted its holdings in shares of Cheniere Energy by 5.2% during the 4th quarter. TD Asset Management Inc. now owns 1,841,988 shares of the energy company’s stock worth $395,788,000 after acquiring an additional 91,554 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cheniere Energy by 11.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company’s stock valued at $322,631,000 after acquiring an additional 178,318 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares of the company’s stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is owned by corporate insiders.

Cheniere Energy Stock Down 0.3 %

Shares of Cheniere Energy stock opened at $226.16 on Friday. Cheniere Energy, Inc. has a 12 month low of $152.88 and a 12 month high of $257.65. The business has a fifty day simple moving average of $223.55 and a 200 day simple moving average of $210.70. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock has a market cap of $50.58 billion, a PE ratio of 15.89 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LNG. TD Cowen lifted their price objective on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group boosted their price target on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Stifel Nicolaus increased their price objective on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Wells Fargo & Company boosted their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Argus began coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They set a “buy” rating and a $255.00 target price for the company. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and an average target price of $239.79.

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.