Cheniere Energy, Inc. $LNG Stock Bought by Courier Capital LLC

Key Points

• Courier Capital nearly doubled its Cheniere Energy stake in the third quarter, adding 10,239 shares to hold 20,506 shares valued at $5.52 million. Institutional investors collectively own 87.26% of the company.
• Cheniere shares rose 1.6% to $286.95, near their 12-month high of $300.89. Analysts maintain a consensus “Buy” rating with an average price target of $306.47.
• The company reported quarterly revenue of $5.73 billion, up 23.5% year over year, though adjusted earnings of $3.02 per share fell short of estimates. Cheniere also declared a $0.555 quarterly dividend, equivalent to a 0.8% annual yield.

Courier Capital LLC boosted its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 99.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,506 shares of the energy company's stock after purchasing an additional 10,239 shares during the period. Courier Capital LLC's holdings in Cheniere Energy were worth $5,517,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Financial Life Planners acquired a new position in Cheniere Energy in the first quarter valued at $26,000. Eastern Bank grew its holdings in Cheniere Energy by 130.0% during the 3rd quarter. Eastern Bank now owns 115 shares of the energy company's stock worth $31,000 after acquiring an additional 65 shares during the period. Community Financial Services Group LLC acquired a new stake in Cheniere Energy during the 2nd quarter worth about $29,000. Transamerica Financial Advisors LLC grew its holdings in Cheniere Energy by 91.3% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company's stock worth $32,000 after acquiring an additional 63 shares during the period. Finally, Optiver Holding B.V. raised its position 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 in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Up 1.6%

Shares of LNG traded up $4.46 on Tuesday, reaching $286.95. The company's stock had a trading volume of 1,056,607 shares, compared to its average volume of 2,322,572. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The stock has a market capitalization of $59.26 billion, a PE ratio of 21.37, a PEG ratio of 1.11 and a beta of 0.06. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. The firm has a fifty day moving average of $274.81 and a 200-day moving average of $260.88.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.11 by ($0.09). The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. The business's revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.30 EPS. Equities analysts predict that Cheniere Energy, Inc. will post 16.76 EPS for the current year.

Cheniere Energy Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LNG. UBS Group reissued a "buy" rating on shares of Cheniere Energy in a research note on Tuesday, September 1st. Barclays raised their target price on Cheniere Energy from $279.00 to $287.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 7th. Scotiabank lifted their target price on Cheniere Energy from $290.00 to $312.00 and gave the stock an "outperform" rating in a report on Thursday, September 10th. Sanford C. Bernstein began coverage on Cheniere Energy in a report on Tuesday, June 16th. They issued a "market perform" rating and a $283.00 target price for the company. Finally, TD Cowen boosted their price target on Cheniere Energy from $280.00 to $290.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $306.47.

About Cheniere Energy

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere's principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.

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