BTG Pactual Asset Management US LLC Purchases Shares of 16,830 Cheniere Energy, Inc. $LNG

BTG Pactual Asset Management US LLC acquired a new position in Cheniere Energy, Inc. (NYSE:LNGFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,830 shares of the energy company’s stock, valued at approximately $4,023,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Life Planners purchased a new position in Cheniere Energy during the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cheniere Energy in the 3rd quarter valued at $27,000. Community Financial Services Group LLC acquired a new stake in shares of Cheniere Energy in the second quarter worth $29,000. Strive Financial Group LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter worth $25,000. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Cheniere Energy by 91.3% during the second quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock worth $32,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on LNG. Wall Street Zen raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Sanford C. Bernstein began coverage on Cheniere Energy in a report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 target price on the stock. TD Cowen lifted their price target on Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada upped their price objective on shares of Cheniere Energy from $300.00 to $319.00 and gave the stock an “outperform” rating in a research report on Monday, August 24th. Finally, Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $304.35.

Get Our Latest Report on LNG

Cheniere Energy Trading Up 0.0%

Shares of Cheniere Energy stock opened at $282.36 on Monday. 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 stock’s 50 day simple moving average is $260.25 and its 200-day simple moving average is $253.45. The stock has a market cap of $58.32 billion, a P/E ratio of 21.02 and a beta of -0.01. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89.

Cheniere Energy (NYSE:LNGGet Free Report) last posted its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 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 company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the prior year, the firm earned $7.30 EPS. The firm’s revenue was up 23.5% on a year-over-year basis. Analysts predict that Cheniere Energy, Inc. will post 16.36 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders 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 annualized dividend and a yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is 16.53%.

About Cheniere Energy

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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