129,300 Shares in Cheniere Energy, Inc. (NYSE:LNG) Purchased by Bornite Capital Management LP

Key Points

• Bornite Capital Management LP acquired 129,300 shares of Cheniere Energy, valued at approximately $29.9 million, making it the firm's third largest position.
• Cheniere Energy reported earnings of $7.30 per share, significantly exceeding analysts' expectations, with a year-over-year revenue increase of 42.8%.
• The company announced a quarterly dividend of $0.50 per share, resulting in an annualized dividend yield of 0.9%.

Bornite Capital Management LP purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 129,300 shares of the energy company's stock, valued at approximately $29,920,000. Cheniere Energy makes up approximately 7.7% of Bornite Capital Management LP's investment portfolio, making the stock its 3rd largest position. Bornite Capital Management LP owned approximately 0.06% of Cheniere Energy as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP increased its holdings in Cheniere Energy by 7.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company's stock valued at $345,920,000 after buying an additional 105,875 shares in the last quarter. Fractal Investments LLC increased its holdings in Cheniere Energy by 27.7% in the first quarter. Fractal Investments LLC now owns 75,585 shares of the energy company's stock valued at $17,490,000 after buying an additional 16,385 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Cheniere Energy by 7.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company's stock valued at $5,439,000 after buying an additional 1,630 shares in the last quarter. Bessemer Group Inc. increased its holdings in Cheniere Energy by 3.8% in the fourth quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company's stock valued at $8,032,000 after buying an additional 1,359 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in Cheniere Energy by 13.1% in the first quarter. Avantax Advisory Services Inc. now owns 11,765 shares of the energy company's stock valued at $2,722,000 after buying an additional 1,359 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on LNG shares. Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the company a "buy" rating in a report on Thursday, June 26th. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Cowen reissued a "buy" rating on shares of Cheniere Energy in a research note on Friday. Bank of America raised their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Finally, Wall Street Zen cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $260.71.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value of $1,057,499.00. Following the transaction, the director owned 29,733 shares in the company, valued at $7,312,236.69. This trade represents a 12.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by company insiders.

Cheniere Energy Stock Down 1.9%

Shares of NYSE LNG opened at $230.84 on Friday. Cheniere Energy, Inc. has a 1 year low of $175.14 and a 1 year high of $257.65. The firm's 50 day moving average price is $235.83 and its 200 day moving average price is $228.82. The firm has a market cap of $51.20 billion, a P/E ratio of 13.48 and a beta of 0.43. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 39.21%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same quarter last year, the business earned $3.84 earnings per share. Cheniere Energy's revenue was up 42.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 8th. Cheniere Energy's dividend payout ratio (DPR) is 14.63%.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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