BTG Pactual Asset Management US LLC Purchases New Shares in Cheniere Energy, Inc. $LNG

BTG Pactual Asset Management US LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,830 shares of the energy company’s stock, valued at approximately $4,023,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $335,000. Bank of Nova Scotia grew its position in Cheniere Energy by 13.3% in the second quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock worth $2,149,000 after acquiring an additional 1,035 shares in the last quarter. Sei Investments Co. grew its position in Cheniere Energy by 23.1% in the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock worth $44,600,000 after acquiring an additional 34,422 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in Cheniere Energy by 0.8% during the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock worth $25,092,000 after acquiring an additional 805 shares during the last quarter. Finally, Ieq Capital LLC increased its stake in Cheniere Energy by 87.0% during the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock worth $8,889,000 after acquiring an additional 16,977 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LNG has been the subject of several analyst reports. Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. TD Cowen increased their price target on Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Argus set a $330.00 price target on Cheniere Energy in a research report on Tuesday, August 18th. Wolfe Research reiterated an “outperform” rating and set a $300.00 price objective on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Finally, Barclays lifted their price target on shares of Cheniere Energy from $274.00 to $279.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.35.

Cheniere Energy Price Performance

Shares of LNG opened at $282.36 on Monday. The company has a 50 day moving average price of $260.25 and a 200-day moving average price of $253.45. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The stock has a market capitalization of $58.32 billion, a PE ratio of 21.02 and a beta of -0.01. 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 (NYSE:LNG) last released its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%.The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same period in the previous year, the firm posted $7.30 earnings per share. The company’s revenue was up 23.5% on a year-over-year basis. Equities analysts predict that Cheniere Energy, Inc. will post 16.36 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were issued a $0.555 dividend. 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 U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.