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 lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 319.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,359 shares of the energy company's stock after buying 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 SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. REAP Financial Group LLC boosted its position in Cheniere Energy by 150.0% during the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after purchasing an additional 75 shares during the period. Cooksen Wealth LLC purchased a new position in Cheniere Energy in the 1st quarter valued at about $38,000. WPG Advisers LLC purchased a new position in Cheniere Energy in the 1st quarter valued at about $38,000. Ameriflex Group Inc. purchased a new position in Cheniere Energy in the 4th quarter valued at about $42,000. Finally, Tsfg LLC boosted its position in Cheniere Energy by 676.0% in the 1st quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after buying an additional 169 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $235.93 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a one year low of $177.55 and a one year high of $257.65. The company's 50-day simple moving average is $235.05 and its 200-day simple moving average is $231.33. The stock has a market capitalization of $51.85 billion, a price-to-earnings ratio of 13.77 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 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 business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. During the same quarter last year, the company posted $3.84 earnings per share. The company's quarterly revenue was up 42.8% compared to the same quarter last year. Equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Cheniere Energy's dividend payout ratio (DPR) is currently 11.68%.

Analyst Ratings Changes

LNG has been the subject of a number of analyst reports. Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the company a "buy" rating in a research report on Thursday, June 26th. Barclays reissued an "overweight" rating and issued a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. 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 report on Friday, August 29th. Cowen reissued a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. Finally, TD Cowen upped their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Cheniere Energy has a consensus rating of "Buy" and a consensus 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.

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