KADENSA CAPITAL Ltd Has $19.56 Million Stock Position in Cheniere Energy, Inc. $LNG

Key Points

• KADENSA CAPITAL Ltd increased its holdings in Cheniere Energy by 48.7% during the first quarter, now owning 84,510 shares valued at approximately $19.56 million.
• Cheniere Energy's stock has received an average rating of "Buy" from analysts, with price targets ranging from $262 to $273.
• The company recently reported a 42.8% increase in quarterly revenue year-over-year, with an EPS of $7.30 beating estimates by $4.95.

KADENSA CAPITAL Ltd increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 48.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,510 shares of the energy company's stock after buying an additional 27,659 shares during the period. Cheniere Energy accounts for approximately 2.4% of KADENSA CAPITAL Ltd's holdings, making the stock its 10th biggest holding. KADENSA CAPITAL Ltd's holdings in Cheniere Energy were worth $19,556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. REAP Financial Group LLC lifted its position in Cheniere Energy by 150.0% during the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after buying an additional 75 shares in the last quarter. Cooksen Wealth LLC acquired a new position in Cheniere Energy during the 1st quarter valued at about $38,000. WPG Advisers LLC acquired a new position in Cheniere Energy during the 1st quarter valued at about $38,000. Ameriflex Group Inc. acquired a new position in Cheniere Energy during the 4th quarter valued at about $42,000. Finally, Tsfg LLC lifted its position in Cheniere Energy by 676.0% during the 1st quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Analysts Set New Price Targets

LNG has been the topic of a number of research reports. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the stock a "buy" rating in a research note on Thursday, June 26th. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Barclays reaffirmed an "overweight" rating and set a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Cheniere Energy has a consensus rating of "Buy" and a consensus target price of $263.29.

Cheniere Energy Stock Up 0.8%

Shares of LNG traded up $1.89 during mid-day trading on Wednesday, hitting $236.30. 401,468 shares of the company's stock were exchanged, compared to its average volume of 2,065,700. The company has a market cap of $51.93 billion, a PE ratio of 13.80 and a beta of 0.43. Cheniere Energy, Inc. has a 52 week low of $175.14 and a 52 week high of $257.65. The company has a 50-day simple moving average of $235.23 and a 200 day simple moving average of $230.95. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85.

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

Cheniere Energy Dividend Announcement

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