Dark Forest Capital Management LP Has $31.79 Million Position in Cheniere Energy, Inc. $LNG

Key Points

• Dark Forest Capital Management LP significantly increased its stake in Cheniere Energy by 742.7% in Q1, owning approximately 137,385 shares worth about $31.8 million.
• Cheniere Energy reported a net income of $7.30 earnings per share, exceeding analysts' expectations, with a 42.8% increase in quarterly revenue year-over-year.
• Analysts are optimistic about Cheniere Energy, with a consensus rating of "Buy" and an average price target of $263.29.

Dark Forest Capital Management LP grew its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 742.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,385 shares of the energy company's stock after purchasing an additional 121,083 shares during the quarter. Cheniere Energy makes up approximately 1.4% of Dark Forest Capital Management LP's investment portfolio, making the stock its largest holding. Dark Forest Capital Management LP owned approximately 0.06% of Cheniere Energy worth $31,791,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. REAP Financial Group LLC raised its position in shares of Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after purchasing an additional 75 shares during the period. Banque Transatlantique SA bought a new position in shares of Cheniere Energy in the fourth quarter valued at about $32,000. Cooksen Wealth LLC bought a new position in shares of Cheniere Energy in the first quarter valued at about $38,000. WPG Advisers LLC bought a new position in shares of Cheniere Energy in the first quarter valued at about $38,000. Finally, Ameriflex Group Inc. bought a new position in shares of Cheniere Energy in the fourth quarter valued at about $42,000. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Trading Down 0.5%

NYSE:LNG traded down $1.27 during mid-day trading on Friday, hitting $235.71. 1,822,773 shares of the company's stock were exchanged, compared to its average volume of 1,577,908. The company has a 50 day simple moving average of $235.47 and a 200-day simple moving average of $230.73. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a fifty-two week low of $175.14 and a fifty-two week high of $257.65. The firm has a market capitalization of $51.80 billion, a P/E ratio of 13.76 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its 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 the consensus estimate of $4.48 billion. During the same period last year, the company earned $3.84 EPS. The firm's revenue was up 42.8% compared to the same quarter last year. As a group, research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LNG shares. Wall Street Zen lowered shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. Mizuho raised their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Barclays reaffirmed an "overweight" rating and set a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Finally, Cowen reissued a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $263.29.

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.