Tpg Gp A LLC Reduces Position in Cheniere Energy, Inc. $LNG

Key Points

• Tpg Gp A LLC has reduced its holdings in Cheniere Energy (NYSE:LNG) by 32.7% during the first quarter, now owning 496,843 shares after selling 241,906 shares.
• Cheniere Energy reported $7.30 earnings per share for the recent quarter, significantly exceeding analysts' estimates of $2.35, and noted a 42.8% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.50, reflecting an annualized yield of 0.8%, with a payout ratio of 11.68%.

TPG GP A LLC decreased its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 32.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 496,843 shares of the energy company's stock after selling 241,906 shares during the quarter. Cheniere Energy comprises approximately 2.3% of TPG GP A LLC's holdings, making the stock its 8th largest position. TPG GP A LLC owned approximately 0.22% of Cheniere Energy worth $114,969,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new position in shares of Cheniere Energy in the 1st quarter valued at $294,793,000. Two Sigma Advisers LP boosted its holdings in shares of Cheniere Energy by 84.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company's stock worth $354,858,000 after buying an additional 756,900 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Cheniere Energy by 12.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock worth $1,078,450,000 after buying an additional 534,033 shares during the period. Royal Bank of Canada boosted its holdings in shares of Cheniere Energy by 25.7% in the first quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company's stock worth $554,265,000 after buying an additional 488,994 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Cheniere Energy by 346.6% in the first quarter. Los Angeles Capital Management LLC now owns 568,627 shares of the energy company's stock worth $131,580,000 after buying an additional 441,296 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Stock Down 0.9%

LNG traded down $2.08 on Thursday, hitting $237.31. 1,768,755 shares of the company were exchanged, compared to its average volume of 2,083,339. Cheniere Energy, Inc. has a 12 month low of $175.14 and a 12 month high of $257.65. The company has a market cap of $52.15 billion, a PE ratio of 13.85 and a beta of 0.43. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The stock's fifty day moving average is $235.64 and its 200-day moving average is $230.42.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the prior year, the company posted $3.84 earnings per share. Cheniere Energy's revenue was up 42.8% on a year-over-year basis. Equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 8th. Cheniere Energy's dividend payout ratio is presently 11.68%.

Wall Street Analyst Weigh In

Several research analysts have commented on LNG shares. Barclays reiterated an "overweight" rating and issued a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Mizuho raised their price target on Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Cowen reissued a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Wall Street Zen lowered Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Bank of America raised their target price on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $263.29.

Cheniere Energy Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.