Point72 Europe London LLP Invests $6.07 Million in Cheniere Energy, Inc. $LNG

Key Points

• Point72 Europe London LLP acquired 26,238 shares of Cheniere Energy, valued at approximately $6,071,000, during the first quarter of the year.
• Cheniere Energy recently reported a significant earnings per share of $7.30, exceeding analysts' estimates by $4.95, along with an impressive 42.8% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.50 per share, representing a 0.8% dividend yield, with a reported dividend payout ratio of 11.68%.

Point72 Europe London LLP bought a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,238 shares of the energy company's stock, valued at approximately $6,071,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LNG. Brighton Jones LLC acquired a new position in shares of Cheniere Energy during the fourth quarter worth $335,000. Alaethes Wealth LLC bought a new stake in Cheniere Energy in the fourth quarter valued at approximately $1,519,000. AXA S.A. boosted its holdings in Cheniere Energy by 8.0% in the fourth quarter. AXA S.A. now owns 31,816 shares of the energy company's stock valued at $6,836,000 after acquiring an additional 2,369 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in Cheniere Energy by 161.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,406 shares of the energy company's stock valued at $732,000 after acquiring an additional 2,101 shares during the last quarter. Finally, BIP Wealth LLC boosted its holdings in Cheniere Energy by 1.4% in the fourth quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock valued at $762,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Performance

NYSE:LNG traded down $1.25 during trading on Wednesday, reaching $239.61. The company's stock had a trading volume of 1,305,780 shares, compared to its average volume of 1,641,905. The firm has a market cap of $52.66 billion, a price-to-earnings ratio of 13.99 and a beta of 0.43. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The firm has a 50 day moving average of $235.59 and a 200-day moving average of $230.36. Cheniere Energy, Inc. has a 12 month low of $175.14 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping the consensus estimate of $2.35 by $4.95. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm's quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.84 EPS. Research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Cheniere Energy's dividend payout ratio (DPR) is presently 11.68%.

Insider Buying and Selling at Cheniere Energy

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

Analysts Set New Price Targets

Several equities analysts have issued reports on LNG shares. Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Bank of America boosted their price target on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Wall Street Zen lowered Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. Finally, Mizuho upped their target price on Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Cheniere Energy currently has a consensus rating of "Buy" and an average price target of $263.29.

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.