Cheniere Energy, Inc. $LNG Shares Acquired by Alpine Global Management LLC

Key Points

• Alpine Global Management LLC increased its stake in Cheniere Energy by 248.4% in the first quarter, holding shares worth $806,000 by the end of the reporting period.
• Analysts have varied opinions on Cheniere Energy, with Mizuho raising its price target from $268.00 to $273.00, while Wall Street Zen downgraded it from a "buy" to a "hold" rating.
• Cheniere Energy reported a substantial quarterly EPS of $7.30, significantly beating estimates and showing a 42.8% year-over-year revenue increase to $4.64 billion.

Alpine Global Management LLC grew its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 248.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,484 shares of the energy company's stock after purchasing an additional 2,484 shares during the period. Alpine Global Management LLC's holdings in Cheniere Energy were worth $806,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Baird Financial Group Inc. increased its holdings in shares of Cheniere Energy by 4.2% in the first quarter. Baird Financial Group Inc. now owns 88,818 shares of the energy company's stock valued at $20,552,000 after purchasing an additional 3,574 shares during the period. WPG Advisers LLC acquired a new position in shares of Cheniere Energy in the first quarter valued at approximately $38,000. OMERS ADMINISTRATION Corp boosted its stake in shares of Cheniere Energy by 112.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 21,197 shares of the energy company's stock valued at $4,905,000 after buying an additional 11,215 shares in the last quarter. Truvestments Capital LLC grew its holdings in Cheniere Energy by 1,366.7% during the first quarter. Truvestments Capital LLC now owns 396 shares of the energy company's stock worth $92,000 after acquiring an additional 369 shares during the period. Finally, Ieq Capital LLC grew its holdings in Cheniere Energy by 1,282.8% during the first quarter. Ieq Capital LLC now owns 19,525 shares of the energy company's stock worth $4,518,000 after acquiring an additional 18,113 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the company a "buy" rating in a research report on Thursday, June 26th. 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. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Wall Street Zen lowered Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Mizuho increased their target price on Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $263.29.

Cheniere Energy Stock Down 0.9%

Shares of LNG stock traded down $2.08 during mid-day trading on Thursday, reaching $237.31. 1,768,755 shares of the company were exchanged, compared to its average volume of 2,083,339. The company has a market capitalization of $52.15 billion, a P/E ratio of 13.85 and a beta of 0.43. The business's 50 day simple moving average is $235.64 and its 200 day simple moving average is $230.42. 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 fifty-two week low of $175.14 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping the consensus estimate of $2.35 by $4.95. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates 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 was up 42.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.84 EPS. Research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were given a $0.50 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Cheniere Energy's dividend payout ratio (DPR) 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.