Aquatic Capital Management LLC Invests $17.19 Million in Cheniere Energy, Inc. $LNG

Key Points

• Aquatic Capital Management bought a new stake of 73,133 shares in Cheniere Energy in the third quarter, valued at approximately $17.19 million.
• Cheniere’s board approved a share repurchase program authorizing up to $10.0 billion, permitting the company to buy back as much as 21.1% of its outstanding shares.
• Cheniere reported a quarterly EPS of $10.68 versus a $3.90 consensus and revenue up 22.9% year‑over‑year, while analysts hold a consensus “Moderate Buy” rating with an average price target of $264.39.

Aquatic Capital Management LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 73,133 shares of the energy company's stock, valued at approximately $17,185,000.

A number of other hedge funds have also recently modified their holdings of the stock. Salomon & Ludwin LLC acquired a new position in Cheniere Energy in the third quarter valued at $25,000. Hazlett Burt & Watson Inc. increased its position in shares of Cheniere Energy by 250.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company's stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at about $34,000. Armstrong Advisory Group Inc. boosted its position in shares of Cheniere Energy by 47.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company's stock valued at $36,000 after purchasing an additional 50 shares during the period. Finally, Rakuten Investment Management Inc. purchased a new position in Cheniere Energy during the 3rd quarter worth approximately $38,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on LNG. Royal Bank Of Canada cut their price target on Cheniere Energy from $282.00 to $271.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 28th. TD Cowen raised their target price on shares of Cheniere Energy from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Scotiabank lifted their target price on shares of Cheniere Energy from $266.00 to $285.00 and gave the company a "sector outperform" rating in a report on Thursday, March 5th. Citigroup reduced their price target on shares of Cheniere Energy from $283.00 to $280.00 and set a "buy" rating for the company in a research report on Monday, January 12th. Finally, Bank of America decreased their price target on shares of Cheniere Energy from $274.00 to $271.00 and set a "buy" rating for the company in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Cheniere Energy currently has a consensus rating of "Moderate Buy" and an average price target of $264.39.

Cheniere Energy Trading Down 0.6%

Shares of LNG stock opened at $252.44 on Friday. The company has a market capitalization of $53.06 billion, a P/E ratio of 10.39 and a beta of 0.25. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.74. The business's 50 day moving average is $218.91 and its two-hundred day moving average is $217.40. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $259.24.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The energy company reported $10.68 EPS for the quarter, topping the consensus estimate of $3.90 by $6.78. Cheniere Energy had a return on equity of 32.04% and a net margin of 26.68%.The business had revenue of $5.45 billion during the quarter, compared to analysts' expectations of $5.48 billion. During the same quarter in the prior year, the business earned $4.33 earnings per share. The company's quarterly revenue was up 22.9% compared to the same quarter last year. Equities analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy announced that its Board of Directors has approved a share buyback plan on Thursday, February 26th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the energy company to reacquire up to 21.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 6th were paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, February 6th. Cheniere Energy's dividend payout ratio (DPR) is 9.14%.

Cheniere Energy Profile

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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