Corient IA LLC Purchases New Stake in Cheniere Energy, Inc. $LNG

Key Points

• Corient IA LLC has invested approximately $463,000 in Cheniere Energy, acquiring 2,000 shares of the company during the first quarter.
• Cheniere Energy reported earnings of $7.30 per share for the most recent quarter, significantly exceeding the expected $2.35, with revenue rising 42.8% year-over-year.
• The company's board recently declared a dividend of $0.50 per share, representing an annual yield of 0.9% and a low payout ratio of 11.68%.

Corient IA LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,000 shares of the energy company's stock, valued at approximately $463,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. REAP Financial Group LLC grew its holdings in Cheniere Energy by 150.0% during the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after acquiring an additional 75 shares during the period. Banque Transatlantique SA acquired a new stake in Cheniere Energy during the fourth quarter worth about $32,000. Cooksen Wealth LLC acquired a new stake in Cheniere Energy during the first quarter worth about $38,000. Ameriflex Group Inc. acquired a new stake in Cheniere Energy during the fourth quarter worth about $42,000. Finally, Tsfg LLC boosted its position in Cheniere Energy by 676.0% during the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock worth $45,000 after purchasing an additional 169 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the sale, the director owned 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.26% of the company's stock.

Cheniere Energy Price Performance

Shares of NYSE LNG traded up $4.4160 during midday trading on Thursday, hitting $240.4260. The stock had a trading volume of 2,126,477 shares, compared to its average volume of 2,110,193. The company has a market capitalization of $52.84 billion, a PE ratio of 14.04 and a beta of 0.43. The stock has a 50 day simple moving average of $234.66 and a 200-day simple moving average of $228.98. Cheniere Energy, Inc. has a 1 year low of $175.14 and a 1 year high of $257.65. 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 (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating the consensus estimate of $2.35 by $4.95. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business's quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.84 earnings per share. On average, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 8th. Cheniere Energy's dividend payout ratio (DPR) is currently 11.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wolfe Research downgraded Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. JPMorgan Chase & Co. increased their price target on Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Bank of America increased their price target on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Barclays reiterated an "overweight" rating and set a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research report 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $261.93.

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.