Cheniere Energy, Inc. $LNG Shares Bought by Artemis Investment Management LLP

Key Points

• Artemis Investment Management increased its Cheniere Energy stake by 19.2% in the third quarter, bringing its holdings to 29,664 shares valued at approximately $8.0 million. Institutional investors collectively own 87.26% of the company.
• Analysts maintain a generally positive outlook, with Cheniere receiving a consensus rating of “Moderate Buy” and an average price target of $306.12. Barclays and JPMorgan recently raised their targets to $287 and $334, respectively.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year, though earnings of $3.02 per share fell short of estimates. The company also pays a quarterly dividend of $0.555, equivalent to a 0.8% annual yield.

Artemis Investment Management LLP lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 19.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,664 shares of the energy company's stock after acquiring an additional 4,784 shares during the period. Artemis Investment Management LLP's holdings in Cheniere Energy were worth $7,981,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LNG. Financial Life Planners acquired a new position in shares of Cheniere Energy during the first quarter valued at about $26,000. Eastern Bank boosted its position in shares of Cheniere Energy by 130.0% during the 3rd quarter. Eastern Bank now owns 115 shares of the energy company's stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Community Financial Services Group LLC acquired a new stake in shares of Cheniere Energy in the 2nd quarter valued at about $29,000. Transamerica Financial Advisors LLC grew its stake in shares of Cheniere Energy by 91.3% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company's stock valued at $32,000 after buying an additional 63 shares during the period. Finally, Optiver Holding B.V. increased its position in Cheniere Energy by 54.5% in the 1st quarter. Optiver Holding B.V. now owns 136 shares of the energy company's stock valued at $39,000 after buying an additional 48 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on LNG shares. Wall Street Zen upgraded Cheniere Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Barclays boosted their price objective on Cheniere Energy from $279.00 to $287.00 and gave the company an "overweight" rating in a report on Wednesday. Zacks Research lowered Cheniere Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. increased their target price on Cheniere Energy from $327.00 to $334.00 and gave the stock an "overweight" rating in a report on Friday, July 24th. Finally, UBS Group reissued a "buy" rating on shares of Cheniere Energy in a research report on Tuesday, September 1st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Cheniere Energy has a consensus rating of "Moderate Buy" and a consensus price target of $306.12.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $277.61 on Friday. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97. The business has a 50 day moving average price of $274.04 and a 200-day moving average price of $261.03. The company has a market cap of $57.33 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.08 and a beta of 0.06.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing analysts' consensus estimates of $3.11 by ($0.09). The company had revenue of $5.73 billion during the quarter, compared to analysts' expectations of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The company's quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the company posted $7.30 earnings per share. Equities analysts anticipate that Cheniere Energy, Inc. will post 16.76 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were issued a $0.5550 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy's dividend payout ratio is currently 16.53%.

About Cheniere Energy

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere's principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.

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