Anchor Capital Advisors LLC Invests $32.47 Million in Cheniere Energy, Inc. $LNG

Key Points

• Anchor Capital Advisors acquired 135,860 Cheniere Energy shares worth approximately $32.47 million, giving it a 0.07% stake. Institutional investors collectively own 87.26% of the company.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year and above estimates, but earnings of $3.02 per share narrowly missed the $3.11 consensus forecast.
• The stock was trading near its 12-month high at $292.02, while analysts maintained a generally bullish outlook with a “Moderate Buy” consensus rating and an average price target of $304.35.

Anchor Capital Advisors LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 135,860 shares of the energy company's stock, valued at approximately $32,472,000. Anchor Capital Advisors LLC owned about 0.07% of Cheniere Energy at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. First Horizon Corp increased its holdings in shares of Cheniere Energy by 7.7% in the first quarter. First Horizon Corp now owns 517 shares of the energy company's stock worth $147,000 after purchasing an additional 37 shares during the last quarter. Signal Advisors Wealth LLC boosted its stake in Cheniere Energy by 2.9% during the first quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company's stock valued at $425,000 after buying an additional 42 shares during the last quarter. Independence Bank of Kentucky grew its holdings in Cheniere Energy by 6.8% during the 1st quarter. Independence Bank of Kentucky now owns 725 shares of the energy company's stock valued at $206,000 after buying an additional 46 shares in the last quarter. Optiver Holding B.V. grew its holdings in Cheniere Energy by 54.5% during the 1st quarter. Optiver Holding B.V. now owns 136 shares of the energy company's stock valued at $39,000 after buying an additional 48 shares in the last quarter. Finally, Quest Investment Management LLC increased its stake in Cheniere Energy by 6.1% in the 3rd quarter. Quest Investment Management LLC now owns 875 shares of the energy company's stock worth $206,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $292.02 on Tuesday. The firm has a 50-day moving average price of $267.02 and a 200-day moving average price of $256.57. The firm has a market capitalization of $60.31 billion and a PE ratio of 21.74. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The business's revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.30 earnings per share. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 16.36 EPS for the current year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were paid a dividend of $0.555 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy's dividend payout ratio is currently 16.53%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LNG. Royal Bank Of Canada upped their price objective on Cheniere Energy from $300.00 to $319.00 and gave the stock an "outperform" rating in a report on Monday, August 24th. Morgan Stanley restated an "overweight" rating and issued a $310.00 price target on shares of Cheniere Energy in a research report on Friday, August 7th. Weiss Ratings raised shares of Cheniere Energy from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. UBS Group reiterated a "buy" rating on shares of Cheniere Energy in a research report on Tuesday, September 1st. Finally, Benchmark reissued an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $304.35.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company's core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere's principal operating assets are large-scale LNG export terminals located on the U.S.

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