Cheniere Energy, Inc. $LNG Stock Acquired by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its Cheniere Energy holdings by 30.3% in the second quarter, purchasing 100,806 additional shares for a total stake valued at approximately $103.6 million. Institutional investors collectively own 87.26% of the company.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year and above analyst expectations, though earnings per share of $3.02 fell short of the $3.11 consensus estimate.
• The company pays a quarterly dividend of $0.555 per share, representing a 0.8% yield, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $305.65.

Envestnet Asset Management Inc. lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 30.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 433,283 shares of the energy company's stock after buying an additional 100,806 shares during the period. Envestnet Asset Management Inc. owned about 0.21% of Cheniere Energy worth $103,559,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in Cheniere Energy during the 1st quarter valued at $26,000. Community Financial Services Group LLC purchased a new stake in shares of Cheniere Energy in the second quarter valued at $29,000. Transamerica Financial Advisors LLC raised its stake in shares of Cheniere Energy by 91.3% in the second quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company's stock valued at $32,000 after acquiring an additional 63 shares during the period. Optiver Holding B.V. lifted its holdings in shares of Cheniere Energy by 54.5% in the 1st quarter. Optiver Holding B.V. now owns 136 shares of the energy company's stock worth $39,000 after acquiring an additional 48 shares during the last quarter. Finally, Valued Wealth Advisors LLC lifted its holdings in shares of Cheniere Energy by 100.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 140 shares of the energy company's stock worth $40,000 after acquiring an additional 70 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Down 2.8%

Shares of LNG stock opened at $268.45 on Friday. 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 1.97, a current ratio of 0.87 and a quick ratio of 0.72. The company has a market cap of $55.44 billion and a price-to-earnings ratio of 19.99. The stock's fifty day moving average price is $272.33 and its 200 day moving average price is $260.16.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $4.92 billion. During the same period in the prior year, the firm posted $7.30 EPS. The business's revenue was up 23.5% compared to the same quarter last year. On average, research analysts expect that Cheniere Energy, Inc. will post 16.31 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were issued a dividend of $0.5550 per share. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy's payout ratio is 16.53%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LNG. Wolfe Research reaffirmed an "outperform" rating and set a $300.00 target price on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Royal Bank Of Canada raised their price target on Cheniere Energy from $300.00 to $319.00 and gave the stock an "outperform" rating in a research note on Monday, August 24th. Barclays upped 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. Sanford C. Bernstein assumed coverage on Cheniere Energy in a research report on Tuesday, June 16th. They set a "market perform" rating and a $283.00 target price for the company. Finally, Wall Street Zen raised shares of Cheniere Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $305.65.

About Cheniere Energy

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.

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