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Cheniere Energy, Inc. (NYSE:LNG) is NBW Capital LLC's Largest Position

Cheniere Energy logo with Energy background

Key Points

  • NBW Capital LLC increased its stake in Cheniere Energy by 6.0% during the first quarter, making it the largest position in their portfolio with holdings valued at approximately $17.85 million.
  • Cheniere Energy reported $7.30 earnings per share for the last quarter, significantly exceeding analysts' estimates, and had a revenue growth of 42.8% year-over-year.
  • Cheniere recently declared a quarterly dividend of $0.50 per share, which translates to a 0.9% yield for investors holding the stock on the record date.
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NBW Capital LLC boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,153 shares of the energy company's stock after buying an additional 4,335 shares during the quarter. Cheniere Energy makes up approximately 4.0% of NBW Capital LLC's investment portfolio, making the stock its largest position. NBW Capital LLC's holdings in Cheniere Energy were worth $17,853,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Cheniere Energy by 0.3% during the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company's stock worth $4,844,995,000 after purchasing an additional 54,801 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Cheniere Energy by 4.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company's stock worth $1,220,858,000 after purchasing an additional 243,418 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Cheniere Energy by 12.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock worth $1,078,450,000 after acquiring an additional 534,033 shares during the period. Goldman Sachs Group Inc. increased its stake 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 acquiring an additional 359,435 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Cheniere Energy by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,184,891 shares of the energy company's stock worth $469,448,000 after purchasing an additional 59,281 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Trading Down 1.9%

Shares of Cheniere Energy stock traded down $4.43 on Friday, hitting $230.84. 2,356,085 shares of the company traded hands, compared to its average volume of 2,208,187. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24. The stock's 50 day moving average price is $235.83 and its 200-day moving average price is $228.82. Cheniere Energy, Inc. has a 52 week low of $175.14 and a 52 week high of $257.65. The company has a market cap of $51.20 billion, a PE ratio of 13.48 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results 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 business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 39.21%. The company's quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.84 earnings per share. Equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy's dividend payout ratio is presently 14.63%.

Insider Buying and Selling at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the sale, the director directly owned 29,733 shares of the company's stock, valued at $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LNG shares. Barclays restated an "overweight" rating and issued a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. 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 report on Wednesday, June 25th. TD Cowen lifted 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. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Finally, Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the stock a "buy" rating in a research note on Thursday, June 26th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $260.71.

Read Our Latest Report on LNG

Cheniere Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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