Cheniere Energy, Inc. $LNG Shares Sold by Rational Advisors Inc.

Key Points

• Rational Advisors cut its Cheniere Energy stake by 51.6% in the second quarter, selling 4,700 shares and retaining 4,400 shares valued at approximately $1.05 million.
• Despite the reduction, other major institutions increased their positions, including Wellington Management, Marshall Wace and OMERS; institutional investors and hedge funds collectively own 87.26% of LNG shares.
• Cheniere shares recently traded at $282.36, while analysts maintain a “Moderate Buy” consensus with a $304.35 average price target. The company reported quarterly revenue of $5.73 billion, up 23.5% year over year, though earnings of $3.02 per share fell short of estimates.

Rational Advisors Inc. reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 51.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,400 shares of the energy company's stock after selling 4,700 shares during the quarter. Rational Advisors Inc.'s holdings in Cheniere Energy were worth $1,052,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Cheniere Energy during the fourth quarter worth approximately $731,774,000. Bank of New York Mellon Corp bought a new position in shares of Cheniere Energy in the second quarter valued at $502,015,000. Wellington Management Group LLP increased its holdings in shares of Cheniere Energy by 210.1% in the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company's stock valued at $584,237,000 after buying an additional 1,656,194 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Cheniere Energy by 555.0% during the 4th quarter. Marshall Wace LLP now owns 810,138 shares of the energy company's stock valued at $157,483,000 after acquiring an additional 686,459 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its position in shares of Cheniere Energy by 6,513.7% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company's stock valued at $160,251,000 after acquiring an additional 556,203 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 0.6%

Shares of NYSE:LNG opened at $282.36 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. The company has a market cap of $58.32 billion, a PE ratio of 21.02 and a beta of -0.01. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The firm has a 50 day simple moving average of $260.25 and a 200 day simple moving average of $253.19.

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

Cheniere Energy Dividend Announcement

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 $0.555 dividend. The ex-dividend date was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy's dividend payout ratio is presently 16.53%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LNG. Argus set a $330.00 price objective on Cheniere Energy in a research note on Tuesday, August 18th. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Weiss Ratings raised Cheniere Energy from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 21st. Zacks Research lowered Cheniere Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Finally, TD Cowen lifted their price target on Cheniere Energy from $280.00 to $290.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Two 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. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $304.35.

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.

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