Bank of New York Mellon Corp acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,100,394 shares of the energy company’s stock, valued at approximately $502,015,000.
Other institutional investors also recently bought and sold shares of the company. Financial Life Planners purchased a new stake in shares of Cheniere Energy during the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cheniere Energy in the 3rd quarter valued at approximately $27,000. Community Financial Services Group LLC acquired a new position in Cheniere Energy during the 2nd quarter valued at approximately $29,000. Strive Financial Group LLC purchased a new position in shares of Cheniere Energy in the fourth quarter worth $25,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter worth $26,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on LNG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Cheniere Energy in a report on Friday, August 7th. UBS Group set a $290.00 target price on Cheniere Energy in a research note on Wednesday, May 13th. Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Finally, Barclays increased their price objective on Cheniere Energy from $274.00 to $279.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $301.56.
Cheniere Energy Stock Performance
Shares of NYSE:LNG opened at $277.22 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The firm has a market capitalization of $57.25 billion, a PE ratio of 20.64 and a beta of -0.01. The business’s 50 day moving average price is $255.16 and its 200-day moving average price is $250.74.
Cheniere Energy (NYSE:LNG – Get Free Report) last announced its quarterly earnings data 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 net margin of 13.57% and a return on equity of 29.80%. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the previous year, the business posted $7.30 EPS. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 16.36 earnings per share for the current fiscal year.
Cheniere Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy’s dividend payout ratio (DPR) is currently 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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