Invesco Ltd. Has $808.15 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Invesco Ltd. increased its stake in Cheniere Energy, Inc. by 7.9%, holding approximately 3.49 million shares valued at around $808 million.
• Cheniere Energy reported a strong quarterly performance with earnings per share of $7.30, significantly exceeding analysts' expectations and a year-over-year revenue growth of 42.8%.
• The company announced a quarterly dividend of $0.50, translating to an annual yield of 0.9%, with a low dividend payout ratio of 14.63%.

Invesco Ltd. increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 7.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,492,443 shares of the energy company's stock after buying an additional 255,140 shares during the quarter. Invesco Ltd. owned about 1.57% of Cheniere Energy worth $808,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of LNG. Brighton Jones LLC purchased a new position in shares of Cheniere Energy in the 4th quarter worth about $335,000. Bessemer Group Inc. grew its stake in shares of Cheniere Energy by 3.8% in the fourth quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company's stock valued at $8,032,000 after buying an additional 1,359 shares in the last quarter. Scotia Capital Inc. grew its stake in Cheniere Energy by 3.0% during the 4th quarter. Scotia Capital Inc. now owns 28,831 shares of the energy company's stock valued at $6,195,000 after purchasing an additional 837 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its stake in Cheniere Energy by 57.1% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 1,288 shares of the energy company's stock valued at $277,000 after purchasing an additional 468 shares in the last quarter. Finally, Heritage Trust Co acquired a new stake in Cheniere Energy during the 4th quarter valued at approximately $1,364,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LNG shares. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Bank of America lifted their target price on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. TD Cowen lifted their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Raymond James Financial reiterated a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Finally, Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research report on Friday. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $261.93.

Insider Activity

In other news, Director Neal A. Shear sold 4,300 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the sale, the director owned 29,733 shares in the company, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.26% of the company's stock.

Cheniere Energy Stock Up 0.1%

NYSE LNG traded up $0.26 on Wednesday, reaching $230.03. The stock had a trading volume of 100,661 shares, compared to its average volume of 2,123,283. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 1 year low of $175.14 and a 1 year high of $257.65. The business has a 50 day moving average price of $235.28 and a 200 day moving average price of $228.77. The company has a market capitalization of $50.55 billion, a price-to-earnings ratio of 13.44 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping 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 firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the prior year, the company posted $3.84 earnings per share. The firm's revenue was up 42.8% on a year-over-year basis. On average, analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 8th. Cheniere Energy's dividend payout ratio is 11.68%.

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.