Talon Private Wealth LLC Increases Stock Position in Cheniere Energy, Inc. $LNG

Talon Private Wealth LLC increased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 33.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,525 shares of the energy company’s stock after buying an additional 2,920 shares during the period. Talon Private Wealth LLC’s holdings in Cheniere Energy were worth $2,754,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Cheniere Energy in the 4th quarter worth approximately $335,000. Bank of Nova Scotia boosted its stake 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 valued at $2,149,000 after acquiring an additional 1,035 shares in the last quarter. Sei Investments Co. grew its holdings 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 purchasing an additional 34,422 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of 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 purchasing an additional 805 shares in the last quarter. Finally, Ieq Capital LLC lifted its holdings in shares of Cheniere Energy by 87.0% during the 2nd quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after purchasing an additional 16,977 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock traded up $0.53 during trading hours on Friday, reaching $278.37. The stock had a trading volume of 1,481,357 shares, compared to its average volume of 2,388,897. The stock’s 50 day moving average is $269.08 and its 200 day moving average is $257.66. The firm has a market capitalization of $57.49 billion and a PE ratio of 20.73. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. 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 (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.11 by ($0.09). The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. Cheniere Energy’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.30 EPS. Equities analysts expect that Cheniere Energy, Inc. will post 16.31 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were paid a dividend of $0.555 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy’s payout ratio is currently 16.53%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LNG shares. UBS Group restated a “buy” rating on shares of Cheniere Energy in a research note on Tuesday, September 1st. Wall Street Zen upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Royal Bank Of Canada lifted their target price on shares of Cheniere Energy from $300.00 to $319.00 and gave the stock an “outperform” rating in a research note on Monday, August 24th. Weiss Ratings upgraded shares of Cheniere Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Finally, TD Cowen boosted 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. Two 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $305.65.

About Cheniere Energy

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.