Formuepleje A S Invests $1.11 Million in Cheniere Energy, Inc. $LNG

Formuepleje A S acquired a new position in Cheniere Energy, Inc. (NYSE:LNG) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 4,662 shares of the energy company’s stock, valued at approximately $1,114,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LNG. First Horizon Corp increased its holdings in shares of Cheniere Energy by 7.7% in the 1st quarter. First Horizon Corp now owns 517 shares of the energy company’s stock worth $147,000 after buying an additional 37 shares during the last quarter. Signal Advisors Wealth LLC lifted its holdings in shares of Cheniere Energy by 2.9% during the 1st quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock worth $425,000 after acquiring an additional 42 shares during the last quarter. Independence Bank of Kentucky increased its stake in Cheniere Energy by 6.8% in the first quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock valued at $206,000 after acquiring an additional 46 shares during the last quarter. Optiver Holding B.V. increased its stake in Cheniere Energy by 54.5% in the first quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock valued at $39,000 after acquiring an additional 48 shares during the last quarter. Finally, AlTi Global Inc. raised its position in Cheniere Energy by 1.5% during the first quarter. AlTi Global Inc. now owns 3,318 shares of the energy company’s stock valued at $942,000 after purchasing an additional 50 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

NYSE:LNG opened at $292.02 on Monday. The firm has a market cap of $60.31 billion and a PE ratio of 21.74. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. The business has a 50 day moving average price of $266.05 and a 200-day moving average price of $256.05.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (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 firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the prior year, the business posted $7.30 EPS. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. Equities research analysts predict that Cheniere Energy, Inc. will post 16.36 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company 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 dividend on an annualized basis 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 16.53%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Morgan Stanley reiterated an “overweight” rating and set a $310.00 price target on shares of Cheniere Energy in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Argus set a $330.00 price objective on shares of Cheniere Energy in a report on Tuesday, August 18th. Finally, Barclays increased their target price on shares of Cheniere Energy from $274.00 to $279.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $304.35.

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.