Amundi Purchases 7,297 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Amundi increased its stake in Cheniere Energy, Inc. by 0.3% to hold approximately $595.25 million in stock, owning 2,703,299 shares as of the latest quarter.
• Cheniere Energy reported an earnings per share (EPS) of $7.30 for the last quarter, significantly exceeding analysts' estimates of $2.35, with revenue of $4.64 billion, up 42.8% year-over-year.
• The company has an average analyst rating of "Buy" with a consensus price target of $263.29, reflecting positive market sentiment and expectations for future growth.

Amundi boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,703,299 shares of the energy company's stock after purchasing an additional 7,297 shares during the period. Amundi owned approximately 1.22% of Cheniere Energy worth $595,245,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in LNG. REAP Financial Group LLC raised its holdings in shares of Cheniere Energy by 150.0% during the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after acquiring an additional 75 shares during the period. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy during the first quarter valued at approximately $38,000. WPG Advisers LLC acquired a new stake in shares of Cheniere Energy during the first quarter valued at approximately $38,000. Ameriflex Group Inc. acquired a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $42,000. Finally, Tsfg LLC raised its holdings in shares of Cheniere Energy by 676.0% during the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after acquiring an additional 169 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Stock Down 0.5%

Shares of LNG traded down $1.27 during mid-day trading on Friday, hitting $235.71. 1,822,773 shares of the company's stock were exchanged, compared to its average volume of 1,577,908. The firm has a fifty day moving average of $235.47 and a two-hundred day moving average of $230.73. Cheniere Energy, Inc. has a twelve month low of $175.14 and a twelve month high of $257.65. The stock has a market cap of $51.80 billion, a price-to-earnings ratio of 13.76 and a beta of 0.43. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly 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. 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 quarter in the prior year, the business posted $3.84 EPS. Cheniere Energy's quarterly revenue was up 42.8% on a year-over-year basis. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 8th. Cheniere Energy's dividend payout ratio is currently 11.68%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Mizuho upped their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Barclays reiterated an "overweight" rating and issued a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $263.29.

About Cheniere Energy

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.