Flputnam Investment Management Co. Has $18.79 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Key Points

• Flputnam Investment Management Co. increased its holdings in Cheniere Energy, Inc. by 43.4%, owning 81,203 shares valued at approximately $18.79 million as of the last quarter.
• Cheniere Energy recently reported a quarterly earnings per share (EPS) of $7.30, significantly exceeding analyst estimates of $2.35, while revenue also rose to $4.64 billion, up 42.8% year-over-year.
• The company announced a quarterly dividend of $0.50, translating to an annual yield of 0.8%, with a payout ratio of 11.68%.

Flputnam Investment Management Co. lifted its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 43.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,203 shares of the energy company's stock after acquiring an additional 24,589 shares during the period. Flputnam Investment Management Co.'s holdings in Cheniere Energy were worth $18,790,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LNG. Brighton Jones LLC acquired a new stake in shares of Cheniere Energy in the 4th quarter valued at approximately $335,000. Alaethes Wealth LLC bought a new position in shares of Cheniere Energy in the fourth quarter valued at $1,519,000. AXA S.A. grew its stake in shares of Cheniere Energy by 8.0% in the fourth quarter. AXA S.A. now owns 31,816 shares of the energy company's stock valued at $6,836,000 after buying an additional 2,369 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Cheniere Energy by 161.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,406 shares of the energy company's stock valued at $732,000 after buying an additional 2,101 shares in the last quarter. Finally, BIP Wealth LLC lifted its holdings in Cheniere Energy by 1.4% during the 4th quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock valued at $762,000 after purchasing an additional 50 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction 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 transaction, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by insiders.

Cheniere Energy Stock Down 0.2%

LNG stock opened at $241.64 on Friday. The stock has a fifty day moving average of $235.39 and a 200-day moving average of $229.95. Cheniere Energy, Inc. has a fifty-two week low of $175.14 and a fifty-two week high of $257.65. The company has a market capitalization of $53.11 billion, a price-to-earnings ratio of 14.11 and a beta of 0.43. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data 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 firm 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%.The company's revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.84 EPS. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, August 8th. Cheniere Energy's dividend payout ratio (DPR) is presently 11.68%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Bank of America boosted their price target on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Barclays reissued an "overweight" rating and issued a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Cowen reissued a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $263.29.

About Cheniere Energy

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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