4,607 Cheniere Energy, Inc. $LNG Shares Acquired by S.E.E.D. Planning Group LLC

Key Points

• S.E.E.D. Planning Group increased its Cheniere Energy position by 31.7% in the third quarter, acquiring 4,607 shares and bringing its holdings to 19,139 shares valued at approximately $5.15 million.
• Institutional ownership remains substantial at 87.26%, with several major investors—including Wellington Management, OMERS Administration, and Arrowstreet Capital—also significantly increasing their positions.
• 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. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $306.12.

S.E.E.D. Planning Group LLC raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 31.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,139 shares of the energy company's stock after buying an additional 4,607 shares during the quarter. Cheniere Energy comprises about 1.2% of S.E.E.D. Planning Group LLC's investment portfolio, making the stock its 24th largest holding. S.E.E.D. Planning Group LLC's holdings in Cheniere Energy were worth $5,149,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in Cheniere Energy during the second quarter valued at approximately $502,015,000. Wellington Management Group LLP increased its position in shares of Cheniere Energy by 210.1% during the second 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 in the last quarter. OMERS ADMINISTRATION Corp boosted its position in shares of Cheniere Energy by 6,513.7% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company's stock worth $160,251,000 after purchasing an additional 556,203 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Cheniere Energy by 518.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company's stock worth $112,267,000 after buying an additional 484,198 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in Cheniere Energy by 36.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,059,970 shares of the energy company's stock worth $205,997,000 after buying an additional 281,504 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

NYSE LNG traded down $2.21 during trading hours on Wednesday, reaching $273.05. The stock had a trading volume of 553,562 shares, compared to its average volume of 2,346,428. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. The stock has a market cap of $56.39 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 1.09 and a beta of 0.06. The stock has a fifty day moving average of $273.39 and a 200 day moving average of $261.11.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data 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 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 13.57% and a return on equity of 29.80%. The business's revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.30 earnings per share. Sell-side analysts predict that Cheniere Energy, Inc. will post 16.76 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were issued 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 dividend payout ratio is presently 16.53%.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of research analyst reports. Zacks Research cut Cheniere Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. increased their price objective on shares of Cheniere Energy from $327.00 to $334.00 and gave the company an "overweight" rating in a research report on Friday, July 24th. Weiss Ratings raised shares of Cheniere Energy from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 21st. UBS Group reaffirmed a "buy" rating on shares of Cheniere Energy in a report on Tuesday, September 1st. Finally, Morgan Stanley reiterated an "overweight" rating and set a $310.00 price objective on shares of Cheniere Energy in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $306.12.

Cheniere Energy Company Profile

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.

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.