Foresight Group Ltd Liability Partnership Takes $2.59 Million Position in Cheniere Energy, Inc. $LNG

Key Points

• Foresight Group Ltd Liability Partnership has acquired a new position in Cheniere Energy, Inc., purchasing 11,460 shares valued at approximately $2.59 million.
• Cheniere Energy reported a significant earnings surprise with EPS of $7.30 for the last quarter, substantially exceeding the consensus estimate of $2.35.
• The company announced a quarterly dividend of $0.50 per share, reflecting an annualized dividend yield of 0.8% and a payout ratio of 11.68%.

Foresight Group Ltd Liability Partnership bought a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,460 shares of the energy company's stock, valued at approximately $2,591,000.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in Cheniere Energy in the fourth quarter valued at about $335,000. EP Wealth Advisors LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $273,000. Obermeyer Wealth Partners bought a new position in shares of Cheniere Energy in the fourth quarter valued at approximately $218,000. OMERS ADMINISTRATION Corp boosted its holdings in shares of Cheniere Energy by 19.0% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,982 shares of the energy company's stock worth $2,145,000 after acquiring an additional 1,595 shares in the last quarter. Finally, NorthRock Partners LLC acquired a new position in shares of Cheniere Energy in the 4th quarter worth approximately $351,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Price Performance

Shares of LNG stock opened at $236.81 on Thursday. The firm has a market cap of $52.04 billion, a price-to-earnings ratio of 13.82 and a beta of 0.43. Cheniere Energy, Inc. has a 12 month low of $175.14 and a 12 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 stock has a 50-day moving average price of $235.17 and a 200 day moving average price of $230.99.

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

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were given a dividend of $0.50 per share. The ex-dividend date was Friday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Cheniere Energy's payout ratio is presently 11.68%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LNG. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the company a "buy" rating in a report on Thursday, June 26th. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Bank of America lifted their price target on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. TD Cowen increased their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Wells Fargo & Company raised their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $263.29.

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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