DJE Kapital AG Has $30.76 Million Position in Cheniere Energy, Inc. $LNG

DJE Kapital AG lessened its stake in Cheniere Energy, Inc. (NYSE:LNG) by 15.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 128,026 shares of the energy company’s stock after selling 23,537 shares during the period. DJE Kapital AG’s holdings in Cheniere Energy were worth $30,760,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LNG. Vanguard Group Inc. boosted its holdings in Cheniere Energy by 0.3% in the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company’s stock valued at $4,844,995,000 after acquiring an additional 54,801 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Cheniere Energy by 12.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock worth $1,078,450,000 after purchasing an additional 534,033 shares during the period. Invesco Ltd. lifted its position in shares of Cheniere Energy by 7.9% in the 1st quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company’s stock worth $808,151,000 after purchasing an additional 255,140 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Cheniere Energy by 12.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company’s stock valued at $737,149,000 after purchasing an additional 359,435 shares during the last quarter. Finally, Amundi increased its position in shares of Cheniere Energy by 0.3% during the first quarter. Amundi now owns 2,703,299 shares of the energy company’s stock worth $595,245,000 after buying an additional 7,297 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $207.83 on Friday. The business has a 50-day simple moving average of $227.67 and a 200 day simple moving average of $232.45. Cheniere Energy, Inc. has a one year low of $188.70 and a one year high of $257.65. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The firm has a market capitalization of $44.73 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 6.08 and a beta of 0.36.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.During the same quarter last year, the firm posted $3.93 earnings per share. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.555 per share. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, November 7th. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.37%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LNG shares. Jefferies Financial Group set a $290.00 target price on shares of Cheniere Energy in a report on Thursday, October 30th. Wells Fargo & Company boosted their price objective on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. TD Cowen upped their target price on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $275.00 target price on shares of Cheniere Energy in a report on Monday, November 3rd. Finally, BMO Capital Markets began coverage on Cheniere Energy in a report on Friday, September 19th. They set an “outperform” rating and a $268.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $268.73.

Insiders Place Their Bets

In other Cheniere Energy news, Director W Benjamin Moreland acquired 5,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were purchased at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the acquisition, the director owned 9,856 shares in the company, valued at approximately $2,052,216.32. This represents a 102.97% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.26% of the company’s stock.

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.