BayBridge Capital Group LLC decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 65.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. First Horizon Corp grew its stake in shares of Cheniere Energy by 7.7% during the first quarter. First Horizon Corp now owns 517 shares of the energy company’s stock worth $147,000 after purchasing an additional 37 shares during the period. Signal Advisors Wealth LLC lifted its stake in Cheniere Energy by 2.9% in the first quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock valued at $425,000 after buying an additional 42 shares during the period. Independence Bank of Kentucky boosted its holdings in Cheniere Energy by 6.8% during the first quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock worth $206,000 after buying an additional 46 shares during the last quarter. Optiver Holding B.V. boosted its holdings in Cheniere Energy by 54.5% during the first quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock worth $39,000 after buying an additional 48 shares during the last quarter. Finally, AlTi Global Inc. increased its stake in shares of Cheniere Energy by 1.5% in the 1st quarter. AlTi Global Inc. now owns 3,318 shares of the energy company’s stock valued at $942,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on LNG. JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Sanford C. Bernstein started coverage on shares of 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. Finally, Wolfe Research reissued an “outperform” rating and issued a $300.00 price target on shares of Cheniere Energy in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $304.35.
Cheniere Energy Price Performance
Shares of LNG opened at $276.13 on Wednesday. The stock 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 52-week low of $186.20 and a 52-week high of $300.89. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. The firm has a market capitalization of $57.03 billion and a PE ratio of 20.56.
Cheniere Energy (NYSE:LNG – Get Free Report) last announced its 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 analyst estimates of $4.92 billion. During the same quarter last year, the business posted $7.30 earnings per share. The business’s quarterly revenue was up 23.5% on a year-over-year basis. Sell-side analysts predict that Cheniere Energy, Inc. will post 16.36 EPS for the current fiscal year.
Cheniere Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were given 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 dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio is currently 16.53%.
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.
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