Huber Capital Management LLC Has $10.07 Million Stock Position in Cheniere Energy, Inc. $LNG

Key Points

• Huber Capital Management LLC has reduced its stake in Cheniere Energy, Inc. by 4.3%, owning 43,510 shares valued around $10.07 million, making it the firm's 19th largest holding.
• Cheniere Energy is receiving positive attention from analysts, with multiple firms raising their price targets, including Bank of America, which increased its target from $258.00 to $271.00.
• Cheniere Energy recently reported earnings of $7.30 per share, significantly exceeding analyst expectations and marking a 42.8% revenue increase compared to the previous year.

Huber Capital Management LLC trimmed its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,510 shares of the energy company's stock after selling 1,950 shares during the quarter. Cheniere Energy makes up 1.9% of Huber Capital Management LLC's portfolio, making the stock its 19th biggest position. Huber Capital Management LLC's holdings in Cheniere Energy were worth $10,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Cheniere Energy by 0.3% during the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company's stock worth $4,844,995,000 after buying an additional 54,801 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Cheniere Energy by 12.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock worth $1,078,450,000 after buying an additional 534,033 shares during the last quarter. Invesco Ltd. boosted its holdings in Cheniere Energy by 7.9% during the first quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company's stock worth $808,151,000 after buying an additional 255,140 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Cheniere Energy by 12.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company's stock worth $737,149,000 after buying an additional 359,435 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in Cheniere Energy by 6.5% during the first quarter. TD Asset Management Inc now owns 1,962,006 shares of the energy company's stock worth $454,008,000 after buying an additional 120,018 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LNG shares. Barclays restated an "overweight" rating and set a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the stock a "buy" rating in a report on Thursday, June 26th. TD Cowen raised their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wells Fargo & Company lifted their price objective on Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Finally, Cowen reiterated a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. One 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 company. According to data from MarketBeat, Cheniere Energy has a consensus rating of "Buy" and a consensus target price of $263.29.

Cheniere Energy Stock Down 0.2%

NYSE LNG traded down $0.50 during trading on Monday, hitting $241.64. The stock had a trading volume of 1,655,524 shares, compared to its average volume of 1,730,234. The company has a market capitalization of $53.10 billion, a PE ratio of 14.11 and a beta of 0.43. The company's 50-day moving average price is $235.39 and its two-hundred day moving average price is $230.09. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a 12 month low of $175.14 and a 12 month high of $257.65.

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

Cheniere Energy Dividend Announcement

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

Insider Buying and Selling

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the sale, the director owned 29,733 shares in the company, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company's stock.

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.