Glaxis Capital Management LLC Makes New Investment in Cheniere Energy, Inc. $LNG

Glaxis Capital Management LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 7,500 shares of the energy company’s stock, valued at approximately $1,826,000. Cheniere Energy accounts for approximately 2.4% of Glaxis Capital Management LLC’s investment portfolio, making the stock its 12th biggest position.

A number of other hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. boosted its position in Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after acquiring an additional 90 shares during the last quarter. Hilltop National Bank bought a new position in shares of Cheniere Energy in the second quarter valued at approximately $28,000. Richardson Financial Services Inc. acquired a new position in shares of Cheniere Energy in the 2nd quarter worth approximately $30,000. Finally, WPG Advisers LLC acquired a new stake in Cheniere Energy during the 1st quarter valued at $38,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $215.20 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 1 year low of $188.70 and a 1 year high of $257.65. The company has a market cap of $46.32 billion, a PE ratio of 12.56, a PEG ratio of 6.08 and a beta of 0.36. The company’s 50-day moving average is $225.09 and its two-hundred day moving average is $231.77.

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

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th will be given a $0.555 dividend. The ex-dividend date is Friday, November 7th. This represents a $2.22 annualized dividend and a dividend yield of 1.0%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio is 12.37%.

Insider Activity at Cheniere Energy

In related news, Director W Benjamin Moreland acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the purchase, the director directly owned 9,856 shares in the company, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LNG has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $275.00 price objective on shares of Cheniere Energy in a research note on Monday, November 3rd. Scotiabank reduced their price target on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a research report on Thursday. Wells Fargo & Company raised their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th. Erste Group Bank lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and a consensus price target of $268.47.

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.