BayBridge Capital Group LLC Has $587,000 Stock Holdings in Cheniere Energy, Inc. $LNG

BayBridge Capital Group LLC trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 65.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,454 shares of the energy company’s stock after selling 4,676 shares during the period. BayBridge Capital Group LLC’s holdings in Cheniere Energy were worth $587,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in LNG. Saudi Central Bank grew its position in Cheniere Energy by 80.5% in the second quarter. Saudi Central Bank now owns 14,342 shares of the energy company’s stock valued at $3,428,000 after acquiring an additional 6,397 shares during the period. Sovereign Financial Group Inc. bought a new position in shares of Cheniere Energy during the first quarter valued at $1,472,000. Thrivent Financial for Lutherans boosted its stake in shares of Cheniere Energy by 17.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 76,812 shares of the energy company’s stock valued at $14,930,000 after purchasing an additional 11,270 shares in the last quarter. Prudential PLC boosted its stake in shares of Cheniere Energy by 2,313.7% in the 4th quarter. Prudential PLC now owns 98,285 shares of the energy company’s stock valued at $19,106,000 after purchasing an additional 94,213 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in shares of Cheniere Energy by 8.0% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 71,413 shares of the energy company’s stock worth $20,362,000 after purchasing an additional 5,277 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $276.13 on Wednesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $267.77 and a 200 day simple moving average of $256.94. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The firm has a market cap of $57.03 billion and a P/E ratio of 20.56.

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

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, August 10th. Cheniere Energy’s dividend payout ratio (DPR) is presently 16.53%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays lifted their price target 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. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price objective for the company. Argus set a $330.00 target price on shares of Cheniere Energy in a research note on Tuesday, August 18th. Wolfe Research reissued an “outperform” rating and issued a $300.00 target price on shares of Cheniere Energy in a report on Tuesday, June 2nd. Finally, TD Cowen increased their price target on Cheniere Energy from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.35.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.