Cheniere Energy, Inc. $LNG Position Lowered by Addison Capital Co

Key Points

• Addison Capital Co has reduced its position in Cheniere Energy by 3.6%, bringing its total shares to 47,176, making it the fund's 3rd largest position.
• Cheniere Energy reported an EPS of $7.30 for the latest quarter, significantly exceeding analysts' expectations of $2.35 and reflecting a 42.8% year-over-year revenue increase.
• Several analysts have raised their price targets for Cheniere Energy, with a consensus price target now set at $263.29 and a general sentiment rating of "Buy".

Addison Capital Co reduced its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,176 shares of the energy company's stock after selling 1,742 shares during the period. Cheniere Energy comprises approximately 4.3% of Addison Capital Co's portfolio, making the stock its 3rd largest position. Addison Capital Co's holdings in Cheniere Energy were worth $10,917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNG. Brighton Jones LLC purchased a new stake in Cheniere Energy during the 4th quarter worth about $335,000. EP Wealth Advisors LLC purchased a new stake in Cheniere Energy during the fourth quarter worth approximately $273,000. Obermeyer Wealth Partners acquired a new position in Cheniere Energy in the fourth quarter valued at approximately $218,000. OMERS ADMINISTRATION Corp raised its holdings in Cheniere Energy by 19.0% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 9,982 shares of the energy company's stock worth $2,145,000 after purchasing an additional 1,595 shares in the last quarter. Finally, NorthRock Partners LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $351,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LNG shares. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. Mizuho boosted their target price on Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Barclays restated an "overweight" rating and set a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Bank of America boosted their price objective on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Finally, TD Cowen raised their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Cheniere Energy presently has a consensus rating of "Buy" and a consensus price target of $263.29.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $236.81 on Thursday. The stock has a fifty day moving average price of $235.17 and a 200 day moving average price of $230.99. Cheniere Energy, Inc. has a 1-year low of $175.14 and a 1-year high of $257.65. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The company has a market cap of $52.04 billion, a PE ratio of 13.82 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $4.95. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. Cheniere Energy's quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.84 EPS. Sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

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

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