Entropy Technologies LP Makes New $1.23 Million Investment in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Entropy Technologies LP purchased 5,329 shares of Cheniere Energy, Inc., valued at approximately $1,233,000, during the first quarter, highlighting increased institutional interest in the company.
• Cheniere Energy reported $7.30 earnings per share for the last quarter, significantly surpassing analysts' expectations of $2.35, with a year-over-year revenue increase of 42.8%.
• The company announced a quarterly dividend of $0.50, representing a 0.9% yield, which will be paid to investors of record on August 8th.

Entropy Technologies LP bought a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,329 shares of the energy company's stock, valued at approximately $1,233,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. increased its holdings in Cheniere Energy by 7.9% in the 1st quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company's stock worth $808,151,000 after purchasing an additional 255,140 shares in the last quarter. Basso Capital Management L.P. increased its stake in shares of Cheniere Energy by 5.8% in the first quarter. Basso Capital Management L.P. now owns 3,650 shares of the energy company's stock valued at $845,000 after buying an additional 200 shares during the period. Berger Financial Group Inc increased its stake in shares of Cheniere Energy by 8.1% in the first quarter. Berger Financial Group Inc now owns 1,275 shares of the energy company's stock valued at $295,000 after buying an additional 95 shares during the period. Benjamin Edwards Inc. acquired a new stake in shares of Cheniere Energy in the first quarter valued at about $361,000. Finally, Cynosure Group LLC increased its stake in shares of Cheniere Energy by 8.0% in the first quarter. Cynosure Group LLC now owns 1,545 shares of the energy company's stock valued at $358,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LNG. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. 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. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Stifel Nicolaus decreased their target price on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Cheniere Energy presently has a consensus rating of "Moderate Buy" and an average target price of $261.93.

Insider Buying and Selling

In related news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the sale, the director directly owned 29,733 shares in the company, valued at approximately $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.26% of the company's stock.

Cheniere Energy Stock Up 0.7%

Shares of NYSE:LNG traded up $1.55 during mid-day trading on Thursday, hitting $232.84. 1,067,234 shares of the company traded hands, compared to its average volume of 2,125,676. The stock has a 50-day moving average price of $235.08 and a two-hundred day moving average price of $228.79. Cheniere Energy, Inc. has a 12-month low of $175.14 and a 12-month high of $257.65. The stock has a market cap of $51.17 billion, a P/E ratio of 13.59 and a beta of 0.43. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period last year, the firm earned $3.84 earnings per share. The firm's revenue was up 42.8% on a year-over-year basis. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 8th. Cheniere Energy's dividend payout ratio (DPR) is 11.68%.

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.