Runnymede Capital Advisors Inc. Invests $50,000 in Cheniere Energy, Inc. (NYSE:LNG)

Runnymede Capital Advisors Inc. bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 235 shares of the energy company’s stock, valued at approximately $50,000.

Other institutional investors have also added to or reduced their stakes in the company. Miracle Mile Advisors LLC bought a new position in Cheniere Energy in the fourth quarter valued at $2,127,000. Fractal Investments LLC increased its stake in Cheniere Energy by 31.0% in the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock valued at $12,720,000 after acquiring an additional 14,000 shares during the last quarter. Anderson Hoagland & Co. bought a new position in Cheniere Energy in the fourth quarter valued at $2,460,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Cheniere Energy by 31.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock valued at $7,812,000 after acquiring an additional 8,756 shares during the last quarter. Finally, Insight Wealth Strategies LLC bought a new position in Cheniere Energy in the fourth quarter valued at $4,455,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $227.24 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a 50-day moving average of $225.03 and a 200-day moving average of $208.94. The firm has a market cap of $50.83 billion, a P/E ratio of 15.97 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $152.88 and a 1-year high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

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

Insiders Place Their Bets

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

Analysts Set New Price Targets

LNG has been the topic of a number of research analyst reports. Stifel Nicolaus increased their target price on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Mizuho upped their price target on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. UBS Group restated a “buy” rating and set a $277.00 price target on shares of Cheniere Energy in a research report on Tuesday. TD Cowen upped their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company upped their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $239.79.

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.