37,325 Cheniere Energy, Inc. $LNG Shares Purchased by Chickasaw Capital Management LLC

Key Points

• Chickasaw Capital Management increased its Cheniere Energy stake by 4.4%, purchasing 37,325 shares to bring its holdings to 893,452 shares valued at approximately $240.4 million. Institutional investors collectively own 87.26% of the company.
• Analysts maintain a generally positive outlook, with Cheniere receiving a consensus “Moderate Buy” rating and an average price target of $306.12, above its reported trading price of $271.96.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year, though earnings of $3.02 per share fell short of estimates. The company also declared a quarterly dividend of $0.555 per share, representing a 0.8% annualized yield.

Chickasaw Capital Management LLC raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 893,452 shares of the energy company's stock after purchasing an additional 37,325 shares during the period. Cheniere Energy accounts for approximately 8.6% of Chickasaw Capital Management LLC's holdings, making the stock its 5th biggest holding. Chickasaw Capital Management LLC owned about 0.43% of Cheniere Energy worth $240,365,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Financial Life Planners acquired a new position in Cheniere Energy in the first quarter valued at approximately $26,000. Community Financial Services Group LLC acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at $29,000. Eastern Bank boosted its position in shares of Cheniere Energy by 130.0% in the 3rd quarter. Eastern Bank now owns 115 shares of the energy company's stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Transamerica Financial Advisors LLC grew its stake in shares of Cheniere Energy by 91.3% during the second quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company's stock worth $32,000 after purchasing an additional 63 shares during the period. Finally, Sankala Group LLC bought a new stake in Cheniere Energy in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Sanford C. Bernstein started coverage on Cheniere Energy in a research note on Tuesday, June 16th. They issued a "market perform" rating and a $283.00 target price on the stock. UBS Group reaffirmed a "buy" rating on shares of Cheniere Energy in a research note on Tuesday, September 1st. Weiss Ratings raised shares of Cheniere Energy from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. Royal Bank Of Canada boosted their price objective on shares of Cheniere Energy from $300.00 to $319.00 and gave the company an "outperform" rating in a report on Monday, August 24th. Finally, Argus set a $330.00 target price on shares of Cheniere Energy in a research note on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Cheniere Energy has a consensus rating of "Moderate Buy" and a consensus price target of $306.12.

Cheniere Energy Trading Down 1.2%

NYSE LNG opened at $271.96 on Thursday. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $300.89. 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 firm has a market cap of $56.17 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.09 and a beta of 0.06. The stock's 50-day moving average is $273.65 and its 200-day moving average is $261.05.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted 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 the consensus estimate of $4.92 billion. Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%.Cheniere Energy's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the previous year, the company posted $7.30 earnings per share. Sell-side analysts anticipate that Cheniere Energy, Inc. will post 16.76 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were given a $0.5550 dividend. This represents a $2.22 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy's payout ratio is currently 16.53%.

About Cheniere Energy

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere's principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.

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.