Ninepoint Partners LP purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,842 shares of the energy company’s stock, valued at approximately $1,396,000.
Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake 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 2nd quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock worth $2,149,000 after purchasing an additional 1,035 shares during the period. Sei Investments Co. grew its stake in Cheniere Energy by 23.1% during the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after acquiring an additional 34,422 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake 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 in the last quarter. Finally, Ieq Capital LLC lifted its stake in Cheniere Energy by 87.0% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.
Wall Street Analyst Weigh In
LNG has been the subject of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $310.00 price target on shares of Cheniere Energy in a research report on Friday, August 7th. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Sanford C. Bernstein initiated coverage on Cheniere Energy in a research note on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price objective for the company. TD Cowen boosted their target price on Cheniere Energy from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. upped their target price on Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $301.56.
Cheniere Energy Price Performance
Shares of Cheniere Energy stock opened at $279.54 on Friday. The firm has a market capitalization of $57.73 billion, a PE ratio of 20.81 and a beta of -0.01. 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 business’s 50-day moving average price is $254.44 and its 200-day moving average price is $250.55.
Cheniere Energy (NYSE:LNG – Get Free Report) last released 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 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 previous year, the firm earned $7.30 EPS. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. Sell-side analysts forecast that Cheniere Energy, Inc. will post 16.36 EPS for the current fiscal year.
Cheniere Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date 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.
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