UniSuper Management Pty Ltd Has $41.52 Million Holdings in Cheniere Energy, Inc. $LNG

Key Points

• UniSuper Management has reduced its stake in Cheniere Energy by 26.2%, holding 179,440 shares worth approximately $41.5 million after selling 63,700 shares in the first quarter.
• Cheniere Energy reported $7.30 earnings per share for the last quarter, significantly surpassing the analyst consensus estimate of $2.35, and its revenue was up 42.8% year-over-year.
• The company announced a quarterly dividend of $0.50 per share, representing an annual yield of 0.8%, with a payout ratio of 11.68%.

UniSuper Management Pty Ltd trimmed its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 26.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,440 shares of the energy company's stock after selling 63,700 shares during the quarter. UniSuper Management Pty Ltd owned 0.08% of Cheniere Energy worth $41,522,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. REAP Financial Group LLC raised its holdings in shares of Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after purchasing an additional 75 shares during the period. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy in the first quarter valued at about $38,000. WPG Advisers LLC acquired a new stake in shares of Cheniere Energy in the first quarter valued at about $38,000. Ameriflex Group Inc. acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at about $42,000. Finally, Tsfg LLC grew its stake in shares of Cheniere Energy by 676.0% in the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after buying an additional 169 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LNG. Mizuho increased their target price on Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. TD Cowen increased their target price on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Cowen restated a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Finally, Barclays restated an "overweight" rating and set a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. One equities research 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 stock. According to MarketBeat, Cheniere Energy presently has a consensus rating of "Buy" and a consensus target price of $263.29.

Cheniere Energy Stock Performance

Shares of LNG traded down $0.20 during mid-day trading on Thursday, hitting $236.84. The stock had a trading volume of 1,559,010 shares, compared to its average volume of 2,065,257. The company has a market cap of $52.05 billion, a PE ratio of 13.83 and a beta of 0.43. The company's fifty day simple moving average is $235.17 and its two-hundred day simple moving average is $230.99. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a fifty-two week low of $176.56 and a fifty-two week high of $257.65.

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

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Cheniere Energy's dividend payout ratio (DPR) is presently 11.68%.

About Cheniere Energy

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.