Horizon Kinetics Asset Management LLC Has $105.14 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Horizon Kinetics Asset Management LLC grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 489,305 shares of the energy company’s stock after purchasing an additional 20,541 shares during the quarter. Cheniere Energy makes up about 1.3% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 9th largest holding. Horizon Kinetics Asset Management LLC owned approximately 0.22% of Cheniere Energy worth $105,137,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of Cheniere Energy by 0.8% during the fourth quarter. Parallel Advisors LLC now owns 7,043 shares of the energy company’s stock worth $1,513,000 after acquiring an additional 59 shares during the last quarter. SouthState Corp boosted its position in shares of Cheniere Energy by 5.0% during the fourth quarter. SouthState Corp now owns 25,970 shares of the energy company’s stock worth $5,580,000 after acquiring an additional 1,245 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Cheniere Energy by 25.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,144 shares of the energy company’s stock worth $246,000 after acquiring an additional 232 shares during the last quarter. Basso Capital Management L.P. boosted its position in shares of Cheniere Energy by 3.0% during the fourth quarter. Basso Capital Management L.P. now owns 3,450 shares of the energy company’s stock worth $741,000 after acquiring an additional 100 shares during the last quarter. Finally, Signature Wealth Management Group boosted its position in shares of Cheniere Energy by 3.1% during the fourth quarter. Signature Wealth Management Group now owns 5,004 shares of the energy company’s stock worth $1,075,000 after acquiring an additional 150 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction that occurred on 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by company insiders.

Cheniere Energy Trading Up 3.3 %

Shares of LNG opened at $218.61 on Monday. Cheniere Energy, Inc. has a twelve month low of $152.88 and a twelve month high of $257.65. The company has a market cap of $48.90 billion, a P/E ratio of 15.36 and a beta of 0.94. 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 company’s fifty day simple moving average is $224.85 and its 200-day simple moving average is $207.63.

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

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LNG. Morgan Stanley upped their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. StockNews.com upgraded shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. Barclays increased their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group increased their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.33.

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.