Cheniere Energy, Inc. $LNG Shares Bought by Beaconlight Capital LLC

Key Points

• Beaconlight Capital increased its Cheniere Energy stake by 86.7% in the second quarter, holding 55,621 shares valued at approximately $13.3 million. Institutional investors collectively own 87.26% of LNG’s outstanding shares.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $304.35; several firms recently raised their targets.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year, though earnings per share of $3.02 fell short of estimates. The company also paid a quarterly dividend of $0.555 per share, representing a 0.8% annualized yield.

Beaconlight Capital LLC boosted its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 86.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,621 shares of the energy company's stock after buying an additional 25,822 shares during the quarter. Cheniere Energy makes up about 4.7% of Beaconlight Capital LLC's holdings, making the stock its 5th biggest position. Beaconlight Capital LLC's holdings in Cheniere Energy were worth $13,294,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Cheniere Energy by 2.8% during the fourth quarter. State Street Corp now owns 6,174,695 shares of the energy company's stock valued at $1,200,299,000 after acquiring an additional 167,622 shares during the last quarter. Norges Bank acquired a new position in Cheniere Energy in the 4th quarter valued at about $731,774,000. Wellington Management Group LLP lifted its holdings in Cheniere Energy by 210.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company's stock valued at $584,237,000 after purchasing an additional 1,656,194 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Cheniere Energy by 12.5% in the 4th quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company's stock valued at $443,031,000 after purchasing an additional 253,469 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Cheniere Energy by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,263,826 shares of the energy company's stock worth $440,047,000 after purchasing an additional 134,695 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Ratings Changes

LNG has been the subject of several recent analyst reports. Argus set a $330.00 target price on shares of Cheniere Energy in a research note on Tuesday, August 18th. JPMorgan Chase & Co. increased their price target on Cheniere Energy from $327.00 to $334.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Barclays lifted their price objective on Cheniere Energy from $274.00 to $279.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Finally, Benchmark reiterated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $304.35.

Cheniere Energy Price Performance

LNG opened at $282.36 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89. The company has a 50 day moving average of $260.25 and a two-hundred day moving average of $253.45. The company has a market cap of $58.32 billion, a P/E ratio of 21.02 and a beta of -0.01.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 29.80% and a net margin of 13.57%.Cheniere Energy's quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the company earned $7.30 EPS. On average, analysts expect that Cheniere Energy, Inc. will post 16.36 earnings per share for the current year.

Cheniere Energy Announces Dividend

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

Cheniere Energy Company 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.

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSE:LNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.