Cheniere Energy, Inc. $LNG Stock: Formuepleje A S Lowers Position

Formuepleje A S lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 40.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,790 shares of the energy company’s stock after selling 1,872 shares during the period. Formuepleje A S’s holdings in Cheniere Energy were worth $751,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in Cheniere Energy by 174.3% during the first quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock valued at $636,834,000 after acquiring an additional 1,426,058 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Cheniere Energy by 210.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock worth $584,237,000 after acquiring an additional 1,656,194 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cheniere Energy by 12.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,135,088 shares of the energy company’s stock valued at $510,307,000 after buying an additional 239,680 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Cheniere Energy by 50.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company’s stock valued at $246,161,000 after acquiring an additional 289,963 shares during the period. Finally, Chickasaw Capital Management LLC grew its holdings in shares of Cheniere Energy by 4.4% in the third quarter. Chickasaw Capital Management LLC now owns 893,452 shares of the energy company’s stock worth $240,365,000 after purchasing an additional 37,325 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on LNG. Argus set a $330.00 price objective on Cheniere Energy in a report on Tuesday, August 18th. Morgan Stanley reiterated an “overweight” rating and issued a $310.00 price target on shares of Cheniere Energy in a report on Friday, August 7th. Scotiabank set a $311.00 price objective on Cheniere Energy in a research note on Thursday. Wall Street Zen raised Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $306.41.

Cheniere Energy Stock Performance

LNG stock traded down $1.00 during trading on Thursday, reaching $278.69. The company had a trading volume of 850,045 shares, compared to its average volume of 2,311,270. The firm has a 50-day simple moving average of $275.88 and a 200-day simple moving average of $260.81. The company has a market cap of $57.56 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 1.14 and a beta of 0.06. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.30 EPS. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 16.76 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were given a dividend of $0.5550 per share. This represents a $2.22 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy’s dividend payout ratio (DPR) is currently 16.53%.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere’s principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.