Cheniere Energy, Inc. $LNG Shares Acquired by Corient Private Wealth LP

Corient Private Wealth LP lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 13.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 44,571 shares of the energy company's stock after acquiring an additional 5,198 shares during the period. Corient Private Wealth LP's holdings in Cheniere Energy were worth $10,653,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of LNG. First Horizon Corp grew its position in Cheniere Energy by 7.7% during the 1st 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 raised its holdings in shares of Cheniere Energy by 2.9% in the first quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company's stock worth $425,000 after buying an additional 42 shares during the last quarter. Independence Bank of Kentucky raised its holdings in shares of Cheniere Energy by 6.8% in the first quarter. Independence Bank of Kentucky now owns 725 shares of the energy company's stock worth $206,000 after buying an additional 46 shares during the last quarter. Optiver Holding B.V. lifted its stake in shares of Cheniere Energy by 54.5% during the first quarter. Optiver Holding B.V. now owns 136 shares of the energy company's stock worth $39,000 after buying an additional 48 shares during the period. Finally, AlTi Global Inc. lifted its stake in shares of Cheniere Energy by 1.5% during the first quarter. AlTi Global Inc. now owns 3,318 shares of the energy company's stock worth $942,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Zacks Research downgraded Cheniere Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price target on Cheniere Energy from $327.00 to $334.00 and gave the stock an "overweight" rating in a research report on Friday, July 24th. Sanford C. Bernstein began coverage on Cheniere Energy in a research note on Tuesday, June 16th. They set a "market perform" rating and a $283.00 price target on the stock. UBS Group set a $290.00 price objective on Cheniere Energy in a report on Wednesday, May 13th. Finally, Weiss Ratings upgraded Cheniere Energy from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Cheniere Energy has an average rating of "Moderate Buy" and an average price target of $304.35.

Cheniere Energy Trading Up 0.6%

Shares of NYSE:LNG opened at $282.36 on Friday. 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. The business has a 50 day moving average of $260.25 and a two-hundred day moving average of $253.19. The company has a market capitalization of $58.32 billion, a PE ratio of 21.02 and a beta of -0.01.

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

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, August 10th. Cheniere Energy's dividend payout ratio (DPR) is currently 16.53%.

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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