Cheniere Energy, Inc. $LNG Shares Purchased by Ausbil Investment Management Ltd

Key Points

• Ausbil Investment Management increased its Cheniere Energy stake by 45.8% in the second quarter, bringing its holdings to 48,440 shares valued at approximately $11.8 million. Institutional investors and hedge funds collectively own 87.26% of the company.
• Cheniere shares opened at $265.95, up 3.8%, with a market capitalization of about $54.9 billion. The stock’s consensus analyst rating is “Buy”, with an average price target of $299.29.
• The company announced a quarterly dividend of $0.555 per share, equivalent to an annualized $2.22 payout and a 0.8% yield; the dividend is payable August 18 to shareholders of record August 10.

Ausbil Investment Management Ltd boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 45.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,440 shares of the energy company's stock after buying an additional 15,220 shares during the quarter. Cheniere Energy accounts for 5.2% of Ausbil Investment Management Ltd's investment portfolio, making the stock its 4th largest position. Ausbil Investment Management Ltd's holdings in Cheniere Energy were worth $11,815,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of Cheniere Energy in the fourth quarter worth $335,000. Bank of Nova Scotia grew its stake in Cheniere Energy by 13.3% during the 2nd quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company's stock worth $2,149,000 after purchasing an additional 1,035 shares in the last quarter. Sei Investments Co. grew its stake in Cheniere Energy by 23.1% during the 2nd quarter. Sei Investments Co. now owns 183,153 shares of the energy company's stock worth $44,600,000 after purchasing an additional 34,422 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Cheniere Energy by 0.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company's stock worth $25,092,000 after purchasing an additional 805 shares during the period. Finally, Ieq Capital LLC increased its holdings in Cheniere Energy by 87.0% during the 2nd quarter. Ieq Capital LLC now owns 36,502 shares of the energy company's stock worth $8,889,000 after purchasing an additional 16,977 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 3.8%

Cheniere Energy stock opened at $265.95 on Tuesday. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The stock has a market cap of $54.93 billion, a PE ratio of 19.80 and a beta of -0.01. The stock's fifty day moving average is $249.27 and its two-hundred day moving average is $247.02.

Cheniere Energy Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on LNG. Wolfe Research reiterated an "outperform" rating and issued a $300.00 price objective on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Benchmark restated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Royal Bank Of Canada upped their target price on shares of Cheniere Energy from $286.00 to $300.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 14th. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Tuesday, June 16th. They issued a "market perform" rating and a $283.00 target price on the stock. Finally, Zacks Research upgraded shares of Cheniere Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 13th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $299.29.

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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