Fjarde AP Fonden Fourth Swedish National Pension Fund Has $44.01 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund has increased its stake in Cheniere Energy, holding approximately 190,190 shares valued at $44.01 million.
• Cheniere Energy's quarterly earnings exceeded expectations with a reported $7.30 EPS, significantly outperforming the consensus estimate of $2.35.
• The company recently announced a quarterly dividend of $0.50, representing a 0.9% yield with a payout ratio of 11.68%.

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 190,190 shares of the energy company's stock after purchasing an additional 6,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund owned approximately 0.09% of Cheniere Energy worth $44,010,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. REAP Financial Group LLC grew its stake in Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after acquiring an additional 75 shares during the period. Banque Transatlantique SA purchased a new stake in shares of Cheniere Energy during the 4th quarter valued at $32,000. Cooksen Wealth LLC purchased a new position in shares of Cheniere Energy in the 1st quarter worth about $38,000. Ameriflex Group Inc. purchased a new position in shares of Cheniere Energy in the 4th quarter worth about $42,000. Finally, Tsfg LLC raised its stake in shares of Cheniere Energy by 676.0% in the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. Wall Street Zen cut Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Raymond James Financial restated a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Finally, TD Cowen boosted their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. 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 stock. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $261.93.

Cheniere Energy Stock Up 0.6%

LNG stock opened at $231.24 on Thursday. Cheniere Energy, Inc. has a twelve month low of $175.14 and a twelve month 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. The firm has a market cap of $50.82 billion, a PE ratio of 13.50 and a beta of 0.43. The business has a 50 day moving average of $235.08 and a 200 day moving average of $228.79.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its 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 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 company's revenue was up 42.8% compared to the same quarter last year. During the same period last year, the business posted $3.84 EPS. On average, research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

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 given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 8th. Cheniere Energy's payout ratio is presently 11.68%.

Insider Activity at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 29,733 shares in the company, valued at $7,312,236.69. The trade was a 12.63% decrease in their ownership of the stock. The sale 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.

Cheniere Energy 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.

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