Groupe la Francaise Purchases Shares of 18,805 Cheniere Energy, Inc. $LNG

Key Points

• Groupe la Francaise acquired 18,805 Cheniere Energy shares worth approximately $4.5 million during the second quarter. Institutional investors collectively own 87.26% of the company.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year and above estimates, but earnings per share of $3.02 fell short of the $3.11 consensus.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and a $304.35 price target; the company also pays a quarterly dividend of $0.555, yielding about 0.8% annually.

Groupe la Francaise acquired a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,805 shares of the energy company's stock, valued at approximately $4,500,000.

Other institutional investors also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Cheniere Energy in the 2nd quarter worth $7,122,000. California State Teachers Retirement System boosted 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. Ameritas Advisory Services LLC boosted its position in Cheniere Energy by 149.7% during the second quarter. Ameritas Advisory Services LLC now owns 3,139 shares of the energy company's stock valued at $750,000 after buying an additional 1,882 shares during the period. Wedmont Private Capital grew its stake in shares of Cheniere Energy by 39.7% during the second quarter. Wedmont Private Capital now owns 4,034 shares of the energy company's stock valued at $1,043,000 after buying an additional 1,147 shares during the last quarter. Finally, HB Wealth Management LLC grew its stake in shares of Cheniere Energy by 6.3% during the second quarter. HB Wealth Management LLC now owns 5,553 shares of the energy company's stock valued at $1,327,000 after buying an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Trading Up 0.0%

NYSE:LNG opened at $292.02 on Tuesday. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $300.89. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72. The company's 50-day simple moving average is $267.02 and its 200 day simple moving average is $256.57. The firm has a market capitalization of $60.31 billion and a P/E ratio of 21.74.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data 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). Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%.The business had revenue of $5.73 billion during the quarter, compared to analysts' expectations of $4.92 billion. During the same quarter last year, the company posted $7.30 EPS. Cheniere Energy's revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, analysts forecast that Cheniere Energy, Inc. will post 16.36 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were paid a $0.555 dividend. The ex-dividend date 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on Cheniere Energy from $274.00 to $279.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. TD Cowen raised their price target on Cheniere Energy from $280.00 to $290.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Morgan Stanley reaffirmed an "overweight" rating and issued a $310.00 target price on shares of Cheniere Energy in a research note on Friday, August 7th. Argus set a $330.00 price target on shares of Cheniere Energy in a research report on Tuesday, August 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an "overweight" rating in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $304.35.

Cheniere Energy Profile

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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