Cheniere Energy, Inc. $LNG Shares Acquired by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC significantly increased its stake in Cheniere Energy by 319% in Q1, holding 27,359 shares valued at approximately $6.32 million.
• Cheniere Energy reported a strong Q2 earnings result with $7.30 EPS, surpassing estimates by $4.95, and a 42.8% increase in quarterly revenue year-over-year.
• The company announced a quarterly dividend of $0.50 per share, resulting in an annualized yield of 0.8% and a dividend payout ratio of 11.68%.

Acadian Asset Management LLC raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 319.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,359 shares of the energy company's stock after purchasing an additional 20,830 shares during the period. Acadian Asset Management LLC's holdings in Cheniere Energy were worth $6,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LNG. Altman Advisors Inc. boosted its position in Cheniere Energy by 0.4% during the 1st quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock valued at $2,348,000 after acquiring an additional 43 shares in the last quarter. Greenleaf Trust boosted its position in Cheniere Energy by 1.1% during the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock valued at $975,000 after acquiring an additional 46 shares in the last quarter. Hemington Wealth Management boosted its position in Cheniere Energy by 14.0% during the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock valued at $90,000 after acquiring an additional 48 shares in the last quarter. Brooklyn Investment Group boosted its position in Cheniere Energy by 5.0% during the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock valued at $233,000 after acquiring an additional 48 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Cheniere Energy by 4.0% during the 1st quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company's stock valued at $314,000 after acquiring an additional 52 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

LNG traded down $1.20 on Thursday, reaching $234.12. 2,083,237 shares of the stock were exchanged, compared to its average volume of 1,454,892. The company's 50-day moving average price is $234.89 and its 200 day moving average price is $231.59. Cheniere Energy, Inc. has a fifty-two week low of $177.56 and a fifty-two week 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 firm has a market capitalization of $51.45 billion, a PE ratio of 13.67 and a beta of 0.43.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LNG. Mizuho increased their target price on Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the stock a "buy" rating in a research note on Thursday, June 26th. TD Cowen boosted their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Bank of America boosted their target price on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $263.29.

Cheniere Energy Company 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.