Cheniere Energy, Inc. (NYSE:LNG) is Eagle Global Advisors LLC's 8th Largest Position

Key Points

• Eagle Global Advisors LLC increased its holdings in Cheniere Energy by 4.9% in Q1, making it the firm's 8th largest position with a portfolio share of about 2.9%.
• Cheniere Energy reported $7.30 earnings per share for the last quarter, significantly exceeding analyst expectations of $2.35 and showing a 42.8% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.50 per share, with a yield of 0.9% and a payout ratio of 11.68%.

Eagle Global Advisors LLC lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 304,280 shares of the energy company's stock after buying an additional 14,335 shares during the quarter. Cheniere Energy makes up about 2.9% of Eagle Global Advisors LLC's portfolio, making the stock its 8th biggest position. Eagle Global Advisors LLC owned 0.14% of Cheniere Energy worth $70,410,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Cheniere Energy in the 1st quarter valued at $294,793,000. Two Sigma Advisers LP increased its holdings in shares of Cheniere Energy by 84.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company's stock valued at $354,858,000 after acquiring an additional 756,900 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Cheniere Energy by 12.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock valued at $1,078,450,000 after acquiring an additional 534,033 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of Cheniere Energy by 346.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 568,627 shares of the energy company's stock valued at $131,580,000 after acquiring an additional 441,296 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Cheniere Energy by 12.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company's stock worth $737,149,000 after purchasing an additional 359,435 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the transaction, the director directly owned 29,733 shares of the company's stock, valued at $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LNG. Barclays reissued an "overweight" rating and issued a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Raymond James Financial restated a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Wolfe Research lowered Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, Bank of America boosted their target price on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Cheniere Energy presently has an average rating of "Moderate Buy" and a consensus target price of $261.93.

Cheniere Energy Trading Up 0.2%

NYSE LNG traded up $0.48 during trading on Friday, reaching $233.11. 485,372 shares of the stock traded hands, compared to its average volume of 2,114,948. 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 $175.14 and a fifty-two week high of $257.65. The stock's 50-day moving average price is $234.86 and its 200 day moving average price is $228.85. The firm has a market cap of $51.23 billion, a price-to-earnings ratio of 13.61 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating the consensus estimate of $2.35 by $4.95. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company's quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.84 earnings per share. Analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. Cheniere Energy's payout ratio is currently 11.68%.

Cheniere Energy Company 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.