11,405 Shares of Cheniere Energy, Inc. $LNG Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners LP acquired 11,405 shares of Cheniere Energy in the third quarter, valued at approximately $3.07 million. Institutional investors and hedge funds collectively own 87.26% of the company.
• Analyst sentiment is broadly positive: MarketBeat reports a consensus “Buy” rating and a $324.41 price target, though Wolfe Research downgraded the stock to “peer perform.”
• Cheniere increased its quarterly dividend to $0.625 per share from $0.555. In its latest reported quarter, revenue rose 23.5% year over year to $5.73 billion, while EPS of $3.02 fell short of estimates.

CenterBook Partners LP acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,405 shares of the energy company's stock, valued at approximately $3,068,000.

Other large investors have also made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Cheniere Energy during the 2nd quarter worth about $7,122,000. Saudi Central Bank grew its holdings in Cheniere Energy by 80.5% during the 2nd quarter. Saudi Central Bank now owns 14,342 shares of the energy company's stock worth $3,428,000 after acquiring an additional 6,397 shares during the last quarter. Anchor Capital Advisors LLC bought a new stake in Cheniere Energy during the 2nd quarter worth about $32,472,000. Groupe la Francaise bought a new stake in Cheniere Energy during the 2nd quarter worth about $4,500,000. Finally, Nykredit A S acquired a new stake in Cheniere Energy in the 2nd quarter valued at about $29,941,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Ratings Changes

LNG has been the subject of a number of research analyst reports. Wolfe Research downgraded shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Monday, November 2nd. Morgan Stanley increased their price target on shares of Cheniere Energy from $310.00 to $322.00 and gave the company an "overweight" rating in a research note on Friday, October 30th. Jefferies Financial Group reissued a "buy" rating and set a $336.00 price target on shares of Cheniere Energy in a research note on Saturday, October 10th. Wall Street Zen raised shares of Cheniere Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Finally, Barclays boosted their price objective on shares of Cheniere Energy from $287.00 to $328.00 and gave the stock an "overweight" rating in a research report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $324.41.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $278.00 on Friday. The stock has a market capitalization of $56.77 billion, a P/E ratio of 19.40, a P/E/G ratio of 0.85 and a beta of 0.01. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $330.73. The company has a current ratio of 0.90, a quick ratio of 0.76 and a debt-to-equity ratio of 1.89. The business has a 50-day moving average price of $283.48 and a two-hundred day moving average price of $258.02.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.11 by ($0.09). The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.92 billion. Cheniere Energy had a net margin of 13.08% and a return on equity of 26.73%. The business's revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.30 earnings per share. Equities analysts predict that Cheniere Energy, Inc. will post 21.74 earnings per share for the current year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Monday, November 9th will be issued a dividend of $0.6250 per share. The ex-dividend date of this dividend is Monday, November 9th. This represents a $2.50 dividend on an annualized basis and a yield of 0.9%. This is a boost from Cheniere Energy's previous quarterly dividend of $0.5550. Cheniere Energy's dividend payout ratio (DPR) is presently 15.49%.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S. energy company focused on producing and exporting liquefied natural gas (LNG). Its operations include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas, where natural gas is processed and liquefied for shipment.

The company supplies LNG to customers in international markets, including countries in Asia, Europe and Latin America. Its activities also include sourcing natural gas and marketing LNG under long-term and other sales agreements.

Founded in 1996, Cheniere initially developed LNG import infrastructure before shifting its focus to U.S.

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