Two Sigma Securities LLC reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 86.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,104 shares of the energy company’s stock after selling 6,970 shares during the period. Two Sigma Securities LLC’s holdings in Cheniere Energy were worth $264,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. State Street Corp lifted its holdings in Cheniere Energy by 2.8% during the fourth quarter. State Street Corp now owns 6,174,695 shares of the energy company’s stock valued at $1,200,299,000 after purchasing an additional 167,622 shares in the last quarter. Norges Bank purchased a new stake in shares of Cheniere Energy during the fourth quarter worth about $731,774,000. Wellington Management Group LLP raised its position in shares of Cheniere Energy by 210.1% during the 2nd 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 last quarter. Victory Capital Management Inc. lifted its stake in Cheniere Energy by 12.5% in the 4th quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company’s stock valued at $443,031,000 after buying an additional 253,469 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Cheniere Energy by 6.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,263,826 shares of the energy company’s stock valued at $440,047,000 after buying an additional 134,695 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.
Cheniere Energy Trading Up 0.4%
Shares of Cheniere Energy stock opened at $292.02 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. The stock’s 50 day simple moving average is $266.05 and its 200-day simple moving average is $255.80. The stock has a market cap of $60.31 billion and a P/E ratio of 21.74. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89.
Cheniere Energy (NYSE:LNG – Get Free Report) last posted its quarterly 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). The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. Cheniere Energy’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business posted $7.30 EPS. Analysts predict that Cheniere Energy, Inc. will post 16.36 EPS for the current fiscal year.
Cheniere Energy Announces Dividend
The company also recently declared 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 payout ratio is presently 16.53%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on LNG. Argus set a $330.00 price objective on Cheniere Energy in a report on Tuesday, August 18th. Wolfe Research restated an “outperform” rating and issued a $300.00 target price on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Royal Bank Of Canada lifted their price target on Cheniere Energy from $300.00 to $319.00 and gave the stock an “outperform” rating in a research note on Monday, August 24th. Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, UBS Group reissued a “buy” rating on shares of Cheniere Energy in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $304.35.
Cheniere Energy Profile
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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