Formuepleje A S trimmed its position in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 40.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,790 shares of the energy company’s stock after selling 1,872 shares during the period. Formuepleje A S’s holdings in Cheniere Energy were worth $751,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in LNG. Bank of New York Mellon Corp bought a new position in Cheniere Energy during the 2nd quarter worth approximately $502,015,000. Wellington Management Group LLP raised its holdings in shares of Cheniere Energy by 210.1% during the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock worth $584,237,000 after purchasing an additional 1,656,194 shares during the period. OMERS ADMINISTRATION Corp raised its stake in Cheniere Energy by 6,513.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company’s stock worth $160,251,000 after acquiring an additional 556,203 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Cheniere Energy by 50.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company’s stock valued at $246,161,000 after purchasing an additional 289,963 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Cheniere Energy by 36.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,059,970 shares of the energy company’s stock worth $205,997,000 after purchasing an additional 281,504 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.
Cheniere Energy Price Performance
NYSE:LNG traded down $1.00 during mid-day trading on Thursday, reaching $278.69. 850,045 shares of the stock were exchanged, compared to its average volume of 2,311,270. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. The business has a fifty day moving average price of $275.88 and a 200 day moving average price of $260.81. 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 $57.56 billion, a PE ratio of 20.75, a PEG ratio of 1.14 and a beta of 0.06.
Cheniere Energy (NYSE:LNG – Get Free Report) last issued its quarterly 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 net margin of 13.57% and a return on equity of 29.80%. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same period in the previous year, the company posted $7.30 earnings per share. Cheniere Energy’s revenue was up 23.5% compared to the same quarter last year. Research analysts expect that Cheniere Energy, Inc. will post 16.76 earnings per share for the current fiscal year.
Cheniere Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were paid a dividend of $0.5550 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 is currently 16.53%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on LNG shares. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. upped their price objective on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. TD Cowen increased their target price on shares of Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. UBS Group reiterated a “buy” rating on shares of Cheniere Energy in a research report on Tuesday, September 1st. Finally, Weiss Ratings upgraded shares of Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $306.41.
Get Our Latest Stock Analysis on Cheniere Energy
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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