Donoghue Forlines LLC Invests $2.42 Million in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Donoghue Forlines LLC acquired a new investment in Cheniere Energy, Inc. amounting to $2.42 million, representing about 0.8% of their total holdings.
• Cheniere Energy reported impressive quarterly earnings of $7.30 EPS, significantly surpassing analysts' expectations, with revenues totaling $4.64 billion.
• The company declared a quarterly dividend of $0.50 per share, with an annualized dividend yield of 0.9%, scheduled for payment on August 18th.

Donoghue Forlines LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,464 shares of the energy company's stock, valued at approximately $2,421,000. Cheniere Energy makes up approximately 0.8% of Donoghue Forlines LLC's portfolio, making the stock its 19th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP boosted its stake in shares of Cheniere Energy by 7.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company's stock worth $345,920,000 after buying an additional 105,875 shares during the last quarter. Fractal Investments LLC raised its holdings in Cheniere Energy by 27.7% in the 1st quarter. Fractal Investments LLC now owns 75,585 shares of the energy company's stock valued at $17,490,000 after acquiring an additional 16,385 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Cheniere Energy by 7.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company's stock valued at $5,439,000 after acquiring an additional 1,630 shares during the period. Bessemer Group Inc. raised its holdings in Cheniere Energy by 3.8% in the 4th quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company's stock valued at $8,032,000 after acquiring an additional 1,359 shares during the period. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Cheniere Energy by 13.1% during the first quarter. Avantax Advisory Services Inc. now owns 11,765 shares of the energy company's stock worth $2,722,000 after purchasing an additional 1,359 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on LNG shares. Stifel Nicolaus lowered their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wolfe Research lowered shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price target on shares of Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. Finally, Bank of America increased their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Two investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $261.93.

Cheniere Energy Price Performance

LNG stock traded down $0.06 during midday trading on Tuesday, reaching $229.99. 1,828,629 shares of the stock were exchanged, compared to its average volume of 2,136,751. The stock has a market capitalization of $50.54 billion, a PE ratio of 13.43 and a beta of 0.43. Cheniere Energy, Inc. has a 52 week low of $175.14 and a 52 week high of $257.65. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The company has a fifty day moving average price of $235.57 and a 200 day moving average price of $228.77.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%. Cheniere Energy's quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.84 EPS. As a group, analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

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

Insider Activity at Cheniere Energy

In other 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 owned 29,733 shares in the company, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.26% of the company's stock.

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.