AG2R LA Mondiale Gestion D Actifs Purchases Shares of 28,817 Cheniere Energy, Inc. $LNG

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 28,817 shares of Cheniere Energy, Inc. valued at approximately $6.83 million in the first quarter.
• Cheniere Energy reported a significant earnings surprise with an EPS of $7.30, exceeding estimates of $2.35, and a revenue of $4.64 billion for the quarter.
• The company recently declared a quarterly dividend of $0.50 per share, reflecting a dividend yield of 0.8% and a payout ratio of 11.68%.

AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 28,817 shares of the energy company's stock, valued at approximately $6,829,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Cheniere Energy by 0.3% in the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company's stock valued at $4,844,995,000 after purchasing an additional 54,801 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Cheniere Energy by 12.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock valued at $1,078,450,000 after purchasing an additional 534,033 shares during the period. Invesco Ltd. grew 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 valued at $808,151,000 after buying an additional 255,140 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Cheniere Energy by 12.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company's stock worth $737,149,000 after buying an additional 359,435 shares during the period. Finally, Amundi lifted its holdings in shares of Cheniere Energy by 0.3% during the first quarter. Amundi now owns 2,703,299 shares of the energy company's stock worth $595,245,000 after buying an additional 7,297 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LNG. TD Cowen upped their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Bank of America increased their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the company a "buy" rating in a research report on Thursday, June 26th. Mizuho increased their price target on Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Finally, Barclays reiterated an "overweight" rating and set a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. One equities 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $263.29.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock traded down $3.07 during trading on Monday, reaching $233.02. 1,461,410 shares of the company's stock were exchanged, compared to its average volume of 1,505,407. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a 1-year low of $177.56 and a 1-year high of $257.65. The company has a market cap of $51.21 billion, a P/E ratio of 13.78 and a beta of 0.43. The firm's 50-day moving average price is $235.05 and its 200 day moving average price is $231.41.

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

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.00 annualized dividend and a yield of 0.9%. Cheniere Energy's dividend payout ratio is presently 11.68%.

Cheniere Energy 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.