Flputnam Investment Management Co. Sells 3,776 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Flputnam Investment Management reduced its Cheniere Energy holdings by 8% in the second quarter, selling 3,776 shares and retaining 43,157 shares valued at approximately $10.3 million.
• Analyst sentiment remains favorable, with Cheniere carrying a consensus “Moderate Buy” rating and an average price target of $304.35.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year and above estimates, though earnings of $3.02 per share narrowly missed expectations. The company also paid a quarterly dividend of $0.555 per share, yielding 0.8% annually.

Flputnam Investment Management Co. cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,157 shares of the energy company's stock after selling 3,776 shares during the quarter. Flputnam Investment Management Co.'s holdings in Cheniere Energy were worth $10,315,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Financial Life Planners bought a new position in shares of Cheniere Energy during the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new position in Cheniere Energy during the third quarter valued at about $27,000. Community Financial Services Group LLC acquired a new position in Cheniere Energy in the 2nd quarter valued at approximately $29,000. Strive Financial Group LLC acquired a new position in Cheniere Energy in the 4th quarter valued at approximately $25,000. Finally, Transamerica Financial Advisors LLC lifted its position in shares of Cheniere Energy by 91.3% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company's stock worth $32,000 after acquiring an additional 63 shares during the period. 87.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LNG has been the topic of several recent research reports. Sanford C. Bernstein started coverage on Cheniere Energy in a report on Tuesday, June 16th. They set a "market perform" rating and a $283.00 price objective on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $310.00 target price on shares of Cheniere Energy in a research report on Friday, August 7th. Zacks Research downgraded shares of Cheniere Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded shares of Cheniere Energy from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. Finally, Wall Street Zen raised shares of Cheniere Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $304.35.

Cheniere Energy Trading Up 0.6%

LNG stock opened at $282.36 on Friday. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The firm has a market cap of $58.32 billion, a P/E ratio of 21.02 and a beta of -0.01. The business's 50 day moving average is $260.25 and its 200-day moving average is $253.19. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $4.92 billion. During the same quarter last year, the business earned $7.30 EPS. Cheniere Energy's quarterly revenue was up 23.5% compared to the same quarter last year. Equities analysts anticipate that Cheniere Energy, Inc. will post 16.36 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were issued a $0.555 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy's dividend payout ratio is presently 16.53%.

About Cheniere Energy

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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