69,479 Shares in Cheniere Energy, Inc. $LNG Bought by McCollum Christoferson Group LLC

Key Points

• McCollum Christoferson Group LLC acquired 69,479 Cheniere Energy shares worth approximately $18.7 million, making LNG about 2.8% of its portfolio. Institutional investors collectively own 87.26% of the company.
• Cheniere shares recently traded at $285.69, near the upper end of their 52-week range. The company reported quarterly revenue of $5.73 billion, up 23.5% year over year, though earnings per share of $3.02 fell short of expectations.
• Analysts maintain a generally positive view, with an average “Buy” rating and a consensus price target of $306.47. Cheniere also pays a quarterly dividend of $0.555 per share, equivalent to a 0.8% annualized yield.

McCollum Christoferson Group LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 69,479 shares of the energy company's stock, valued at approximately $18,692,000. Cheniere Energy makes up about 2.8% of McCollum Christoferson Group LLC's holdings, making the stock its 9th biggest position.

Other large investors have also added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Cheniere Energy during the 1st quarter worth $26,000. Eastern Bank lifted its stake in shares of Cheniere Energy by 130.0% in the 3rd quarter. Eastern Bank now owns 115 shares of the energy company's stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Community Financial Services Group LLC acquired a new stake in shares of Cheniere Energy during the second quarter valued at about $29,000. Transamerica Financial Advisors LLC boosted its position in Cheniere Energy by 91.3% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company's stock worth $32,000 after buying an additional 63 shares during the period. Finally, Optiver Holding B.V. lifted its holdings in shares of Cheniere Energy by 54.5% during the first quarter. Optiver Holding B.V. now owns 136 shares of the energy company's stock worth $39,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Stock Performance

Shares of LNG traded up $3.20 during mid-day trading on Tuesday, hitting $285.69. The stock had a trading volume of 431,209 shares, compared to its average volume of 2,319,243. The firm has a market cap of $59.00 billion, a P/E ratio of 21.28, a PEG ratio of 1.11 and a beta of 0.06. 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 current ratio of 0.87 and a quick ratio of 0.72. The business has a fifty day moving average price of $274.81 and a 200-day moving average price of $260.88.

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 for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. The business had revenue of $5.73 billion during the quarter, compared to analysts' expectations of $4.92 billion. During the same quarter in the previous year, the business earned $7.30 EPS. Cheniere Energy's revenue for the quarter was up 23.5% on a year-over-year basis. On average, equities research analysts expect that Cheniere Energy, Inc. will post 16.76 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were issued a dividend of $0.5550 per share. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy's payout ratio is presently 16.53%.

Analysts Set New Price Targets

Several brokerages recently commented on LNG. Royal Bank Of Canada upped their target price on Cheniere Energy from $300.00 to $319.00 and gave the company an "outperform" rating in a report on Monday, August 24th. Zacks Research lowered Cheniere Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. UBS Group restated a "buy" rating on shares of Cheniere Energy in a report on Tuesday, September 1st. Weiss Ratings raised Cheniere Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday. Finally, Sanford C. Bernstein started coverage on shares of Cheniere Energy in a report on Tuesday, June 16th. They set a "market perform" rating and a $283.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Cheniere Energy presently has an average rating of "Buy" and a consensus price target of $306.47.

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.

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