Formuepleje A S Acquires Shares of 4,662 Cheniere Energy, Inc. $LNG

Key Points

• Formuepleje A S acquired 4,662 shares of Cheniere Energy during the second quarter, valued at approximately $1.1 million. Institutional investors collectively own 87.26% of the company.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year, but earnings per share of $3.02 fell short of analysts’ $3.11 estimate. The company also maintains a quarterly dividend of $0.555 per share, yielding about 0.8% annually.
• Wall Street remains generally positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $304.35, compared with a recent share price of $292.02.

Formuepleje A S acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,662 shares of the energy company's stock, valued at approximately $1,114,000.

Several other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System grew its position in Cheniere Energy by 26,965.4% during the second quarter. California State Teachers Retirement System now owns 102,611,534 shares of the energy company's stock valued at $24,525,183,000 after buying an additional 102,232,409 shares during the period. Norges Bank purchased a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $731,774,000. Bank of New York Mellon Corp bought a new stake in shares of Cheniere Energy in the 2nd quarter worth approximately $502,015,000. Wellington Management Group LLP lifted its stake in Cheniere Energy by 210.1% in the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company's stock valued at $584,237,000 after purchasing an additional 1,656,194 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in Cheniere Energy by 555.0% during the fourth quarter. Marshall Wace LLP now owns 810,138 shares of the energy company's stock valued at $157,483,000 after purchasing an additional 686,459 shares during the period. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Performance

NYSE:LNG opened at $292.02 on Monday. The business's fifty day moving average is $266.05 and its 200 day moving average is $256.05. The firm has a market cap of $60.31 billion and a price-to-earnings ratio of 21.74. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts' consensus estimates of $3.11 by ($0.09). The company had revenue of $5.73 billion for the quarter, compared to analysts' expectations of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The firm's quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.30 EPS. Research analysts predict that Cheniere Energy, Inc. will post 16.36 EPS for the current year.

Cheniere Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on LNG. TD Cowen boosted their target price on Cheniere Energy from $280.00 to $290.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. UBS Group reaffirmed a "buy" rating on shares of Cheniere Energy in a report on Tuesday, September 1st. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Cheniere Energy from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Finally, Benchmark restated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $304.35.

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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