Saudi Central Bank Boosts Stock Holdings in Cheniere Energy, Inc. $LNG

Saudi Central Bank grew its holdings in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 80.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,342 shares of the energy company’s stock after purchasing an additional 6,397 shares during the period. Saudi Central Bank’s holdings in Cheniere Energy were worth $3,428,000 at the end of the most recent quarter.

• 3 Energy Stocks to Watch Now as LNG Demand Surges

A number of other institutional investors also recently modified their holdings of LNG. Financial Life Planners bought a new stake in Cheniere Energy during the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cheniere Energy in the third quarter valued at $27,000. Community Financial Services Group LLC purchased a new position in shares of Cheniere Energy in the second quarter valued at $29,000. Strive Financial Group LLC bought a new stake in shares of Cheniere Energy during the 4th quarter valued at $25,000. Finally, Transamerica Financial Advisors LLC raised its stake in shares of Cheniere Energy by 91.3% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock valued at $32,000 after purchasing an additional 63 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on LNG shares. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. JPMorgan Chase & Co. increased their price target 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. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Argus set a $330.00 target price on shares of Cheniere Energy in a report on Tuesday, August 18th. Finally, Barclays increased their target price on shares of Cheniere Energy from $274.00 to $279.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $304.35.

• 3 LNG Stocks to Watch as Iran War Continues

Read Our Latest Analysis on LNG

Cheniere Energy Stock Performance

Shares of LNG opened at $292.02 on Tuesday. The company has a market cap of $60.31 billion and a PE ratio of 21.74. 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 stock has a 50-day moving average price of $267.02 and a 200-day moving average price of $256.57. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89.

• 3 Stocks Sending a Strong Signal With Massive Buybacks

Cheniere Energy (NYSE:LNG – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.11 by ($0.09). The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%.The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter last year, the company posted $7.30 earnings per share. As a group, equities analysts forecast that Cheniere Energy, Inc. will post 16.36 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were issued a $0.555 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio is presently 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.

Featured Articles

• Five stocks we like better than Cheniere Energy
• 3 Under-the-Radar Defense Stocks With Record Backlogs
• This Korea ETF Has Soared, But the Rally May Not Be Over
• Why Guidewire’s Post-Earnings Plunge May Not Last
• Ride-Share Reckoning: Tesla Drives Into Uber’s Lane

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSE:LNG – Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Cheniere Energy Right Now?

Before you consider Cheniere Energy, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Cheniere Energy wasn’t on the list.

While Cheniere Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here