Cheniere Energy, Inc. $LNG Shares Bought by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group increased its Cheniere Energy stake by 61.1% in the second quarter, buying 239,956 additional shares and ending with 632,971 shares valued at approximately $151.3 million.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year and above estimates, but earnings of $3.02 per share fell short of the $3.11 consensus forecast.
• The stock had an average analyst rating of “Moderate Buy” with a $304.35 price target, while Cheniere maintained a quarterly dividend of $0.555 per share, equivalent to a 0.8% yield.

Alyeska Investment Group L.P. boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 61.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 632,971 shares of the energy company's stock after buying an additional 239,956 shares during the period. Alyeska Investment Group L.P. owned 0.31% of Cheniere Energy worth $151,286,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in Cheniere Energy in the 4th quarter valued at $335,000. Bank of Nova Scotia grew its holdings in shares of Cheniere Energy by 13.3% during the second quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company's stock worth $2,149,000 after buying an additional 1,035 shares in the last quarter. Sei Investments Co. raised its position in shares of Cheniere Energy by 23.1% in the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company's stock valued at $44,600,000 after buying an additional 34,422 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of Cheniere Energy by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company's stock valued at $25,092,000 after buying an additional 805 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of Cheniere Energy by 87.0% in the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company's stock worth $8,889,000 after buying an additional 16,977 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $282.36 on Friday. The firm has a 50 day simple moving average of $260.25 and a 200-day simple moving average of $253.19. The stock has a market cap of $58.32 billion, a price-to-earnings ratio of 21.02 and a beta of -0.01. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89.

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

Cheniere Energy Announces Dividend

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

Analyst Upgrades and Downgrades

LNG has been the topic of a number of recent research reports. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research report on Tuesday, June 16th. They set a "market perform" rating and a $283.00 price target on the stock. TD Cowen increased their price objective on shares of Cheniere Energy from $280.00 to $290.00 and gave the company a "buy" rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. raised their target price on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. Benchmark restated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Finally, Barclays boosted their target price on Cheniere Energy from $274.00 to $279.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Cheniere Energy presently has an average rating of "Moderate Buy" and an average price target of $304.35.

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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