Ninety One UK Ltd increased its stake in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 25.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 630,788 shares of the energy company’s stock after acquiring an additional 128,146 shares during the period. Ninety One UK Ltd owned about 0.31% of Cheniere Energy worth $169,701,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. First Horizon Corp boosted its holdings in Cheniere Energy by 7.7% in the 1st quarter. First Horizon Corp now owns 517 shares of the energy company’s stock worth $147,000 after buying an additional 37 shares during the period. Signal Advisors Wealth LLC increased its stake in Cheniere Energy by 2.9% in the 1st quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock worth $425,000 after buying an additional 42 shares in the last quarter. Titleist Asset Management LLC raised its holdings in Cheniere Energy by 1.6% during the third quarter. Titleist Asset Management LLC now owns 2,867 shares of the energy company’s stock valued at $771,000 after acquiring an additional 45 shares during the period. Independence Bank of Kentucky raised 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 valued at $206,000 after acquiring an additional 46 shares during the period. Finally, Optiver Holding B.V. raised 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 valued at $39,000 after acquiring an additional 48 shares during the period. Institutional investors own 87.26% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Weiss Ratings upgraded Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. lifted their target price on Cheniere Energy from $327.00 to $334.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Scotiabank set a $311.00 price target on Cheniere Energy in a report on Thursday. TD Cowen upped their price target on Cheniere Energy from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Finally, UBS Group restated a “buy” rating on shares of Cheniere Energy in a research note on Tuesday, September 1st. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $306.41.
Check Out Our Latest Stock Report on Cheniere Energy
Cheniere Energy Price Performance
NYSE LNG traded down $1.28 during trading on Thursday, hitting $278.41. 862,028 shares of the stock traded hands, compared to its average volume of 2,311,483. The company has a quick ratio of 0.72, a current ratio of 0.87 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 firm has a 50-day simple moving average of $275.88 and a 200-day simple moving average of $260.81. The company has a market capitalization of $57.50 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 1.14 and a beta of 0.06.
Cheniere Energy (NYSE:LNG – Get Free Report) last posted its earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the prior year, the company posted $7.30 earnings per share. The firm’s revenue was up 23.5% compared to the same quarter last year. As a group, analysts predict that Cheniere Energy, Inc. will post 16.76 EPS for the current year.
Cheniere Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were given a dividend of $0.5550 per share. The ex-dividend date 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%.
Cheniere Energy Profile
Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.
Cheniere’s principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.
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