Focus Partners Advisor Solutions LLC Purchases 1,795 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Cheniere Energy, Inc. by 72.8%, reaching a total of 4,259 shares worth approximately $986,000.
• Cheniere Energy reported a significant quarterly earnings of $7.30 per share, which exceeded the consensus estimate by $4.95, and its revenue grew 42.8% year-over-year.
• The company declared a quarterly dividend of $0.50 per share, reflecting an annualized dividend yield of 0.8% and a payout ratio of 11.68%.

Focus Partners Advisor Solutions LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 72.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,259 shares of the energy company's stock after buying an additional 1,795 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Cheniere Energy were worth $986,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Altman Advisors Inc. lifted its position in Cheniere Energy by 0.4% in the 1st quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock valued at $2,348,000 after acquiring an additional 43 shares in the last quarter. Greenleaf Trust increased its stake in Cheniere Energy by 1.1% in the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock valued at $975,000 after buying an additional 46 shares during the last quarter. Hemington Wealth Management increased its stake in shares of Cheniere Energy by 14.0% during the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock worth $90,000 after purchasing an additional 48 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Cheniere Energy by 5.0% during the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock worth $233,000 after purchasing an additional 48 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Cheniere Energy by 4.0% in the 1st quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company's stock valued at $314,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock traded up $2.98 on Tuesday, reaching $236.37. 384,555 shares of the stock were exchanged, compared to its average volume of 2,070,317. The firm's 50 day moving average is $235.27 and its 200-day moving average is $230.93. Cheniere Energy, Inc. has a one year low of $175.14 and a one year high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The firm has a market cap of $51.95 billion, a PE ratio of 13.82 and a beta of 0.43.

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

Cheniere Energy Dividend Announcement

The company also recently disclosed 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 of this dividend was Friday, August 8th. Cheniere Energy's dividend payout ratio is currently 11.68%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LNG. TD Cowen upped their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 8th. Wells Fargo & Company upped their price objective on Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Mizuho lifted their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Finally, Cowen reissued a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. One equities 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 company. According to data from MarketBeat, Cheniere Energy has a consensus rating of "Buy" and a consensus price target of $263.29.

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.