5,520 Shares in Cheniere Energy, Inc. $LNG Bought by Fortis Capital Advisors LLC

Key Points

• Fortis Capital Advisors LLC has acquired a new position in Cheniere Energy, purchasing 5,520 shares worth approximately $1,277,000 during the 1st quarter.
• Cheniere Energy reported EPS of $7.30 for the last quarter, significantly exceeding analysts' expectations of $2.35, and saw a 42.8% increase in revenue year-over-year.
• Analyst ratings for Cheniere Energy remain positive, with multiple firms raising their price targets, resulting in an average target price of $263.29 and a consensus rating of "Buy."

Fortis Capital Advisors LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,520 shares of the energy company's stock, valued at approximately $1,277,000.

Several other institutional investors and hedge funds have also bought and sold shares of LNG. Altman Advisors Inc. grew its position in Cheniere Energy by 0.4% during the first 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 during the last quarter. Greenleaf Trust grew its position in Cheniere Energy by 1.1% during the first quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock valued at $975,000 after acquiring an additional 46 shares during the last quarter. Hemington Wealth Management grew its position in Cheniere Energy by 14.0% during the first quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock valued at $90,000 after acquiring an additional 48 shares during the last quarter. Brooklyn Investment Group grew its position in Cheniere Energy by 5.0% during the first quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock valued at $233,000 after acquiring an additional 48 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in Cheniere Energy by 4.0% during the first quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company's stock valued at $314,000 after acquiring an additional 52 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on LNG shares. Bank of America increased their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Wells Fargo & Company boosted their target price on Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Cowen reissued a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. TD Cowen boosted their target price on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Barclays reissued an "overweight" rating and issued a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $263.29.

Cheniere Energy Trading Down 0.5%

NYSE:LNG traded down $1.14 during mid-day trading on Friday, reaching $235.93. 1,095,835 shares of the company's stock traded hands, compared to its average volume of 1,514,050. Cheniere Energy, Inc. has a 12-month low of $177.55 and a 12-month high of $257.65. The firm has a market capitalization of $51.85 billion, a price-to-earnings ratio of 13.77 and a beta of 0.43. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The company has a 50 day moving average price of $235.05 and a 200-day moving average price of $231.25.

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

Cheniere Energy Announces Dividend

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

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.