Denali Advisors LLC Decreases Stock Position in Cheniere Energy, Inc. $LNG

Key Points

• Denali Advisors cut its Cheniere Energy stake by 78.8% in the second quarter, selling 6,711 shares and retaining 1,807 shares valued at approximately $432,000.
• Analysts maintain a generally positive outlook, with Cheniere receiving a “Moderate Buy” consensus rating and an average price target of $301.56.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year, though earnings per share of $3.02 fell short of estimates. The company also paid a quarterly dividend of $0.555 per share, equivalent to a 0.8% annualized yield.

Denali Advisors LLC cut its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 78.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,807 shares of the energy company's stock after selling 6,711 shares during the quarter. Denali Advisors LLC's holdings in Cheniere Energy were worth $432,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LNG. First Horizon Corp raised its stake in shares of Cheniere Energy by 7.7% in the first quarter. First Horizon Corp now owns 517 shares of the energy company's stock valued at $147,000 after acquiring an additional 37 shares during the period. Signal Advisors Wealth LLC boosted its stake in shares of Cheniere Energy by 2.9% during the 1st quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company's stock worth $425,000 after purchasing an additional 42 shares during the period. Independence Bank of Kentucky grew its holdings in Cheniere Energy by 6.8% during the 1st quarter. Independence Bank of Kentucky now owns 725 shares of the energy company's stock valued at $206,000 after purchasing an additional 46 shares during the last quarter. Optiver Holding B.V. raised its position in 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 purchasing an additional 48 shares during the period. Finally, AlTi Global Inc. raised its position in Cheniere Energy by 1.5% in the 1st quarter. AlTi Global Inc. now owns 3,318 shares of the energy company's stock worth $942,000 after purchasing an additional 50 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group set a $290.00 target price on Cheniere Energy in a research report on Wednesday, May 13th. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Sanford C. Bernstein started coverage on Cheniere Energy in a research note on Tuesday, June 16th. They set a "market perform" rating and a $283.00 price target for the company. Weiss Ratings restated a "hold (c)" rating on shares of Cheniere Energy in a report on Friday, August 7th. Finally, Benchmark reaffirmed an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $301.56.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $279.54 on Friday. The stock has a market cap of $57.73 billion, a price-to-earnings ratio of 20.81 and a beta of -0.01. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The firm has a 50-day moving average of $254.44 and a two-hundred day moving average of $250.55.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its 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 company had revenue of $5.73 billion for the quarter, compared to analysts' expectations of $4.92 billion. During the same period last year, the business posted $7.30 earnings per share. The business's revenue was up 23.5% compared to the same quarter last year. On average, research analysts forecast that Cheniere Energy, Inc. will post 16.36 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were paid a $0.555 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 is 16.53%.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company's core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere's principal operating assets are large-scale LNG export terminals located on the U.S.

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