Saudi Central Bank Purchases 6,397 Shares of Cheniere Energy, Inc. $LNG

Saudi Central Bank lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 80.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,342 shares of the energy company’s stock after buying an additional 6,397 shares during the period. Saudi Central Bank’s holdings in Cheniere Energy were worth $3,428,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LNG. Brighton Jones LLC bought a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $335,000. Bank of Nova Scotia grew its holdings in shares of Cheniere Energy by 13.3% during the 2nd quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock valued at $2,149,000 after purchasing an additional 1,035 shares during the last quarter. Sei Investments Co. raised its position in Cheniere Energy by 23.1% in the 2nd quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock worth $44,600,000 after purchasing an additional 34,422 shares during the period. Treasurer of the State of North Carolina raised its position in Cheniere Energy by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock worth $25,092,000 after purchasing an additional 805 shares during the period. Finally, Ieq Capital LLC lifted its stake in Cheniere Energy by 87.0% in the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock worth $8,889,000 after purchasing an additional 16,977 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LNG. Wall Street Zen upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Wolfe Research restated an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a report on Tuesday, June 2nd. Sanford C. Bernstein initiated coverage on Cheniere Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price target on the stock. Argus set a $330.00 price target on Cheniere Energy in a research note on Tuesday, August 18th. Finally, Weiss Ratings upgraded Cheniere Energy from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $304.35.

Cheniere Energy Stock Up 0.0%

Shares of Cheniere Energy stock opened at $292.02 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The company has a market cap of $60.31 billion and a P/E ratio of 21.74. The company’s fifty day simple moving average is $267.02 and its two-hundred day simple moving average is $256.57.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same period in the previous year, the firm posted $7.30 EPS. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. Research analysts anticipate that Cheniere Energy, Inc. will post 16.36 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were given a dividend of $0.555 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 payout ratio is presently 16.53%.

About Cheniere Energy

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.