MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in Cheniere Energy, Inc. $LNG

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Cheniere Energy by 14.2%, now owning 848,916 shares valued at approximately $196.4 million after purchasing an additional 105,738 shares.
• Cheniere Energy reported a significant earnings beat with $7.30 earnings per share, surpassing expectations of $2.35, alongside a 42.8% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.50, translating to an annual yield of 0.8%, with a current dividend payout ratio of 11.68%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 14.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 848,916 shares of the energy company's stock after acquiring an additional 105,738 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.38% of Cheniere Energy worth $196,436,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LNG. REAP Financial Group LLC increased its holdings in Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Cooksen Wealth LLC bought a new stake in Cheniere Energy in the first quarter worth approximately $38,000. WPG Advisers LLC bought a new stake in Cheniere Energy in the first quarter worth approximately $38,000. Ameriflex Group Inc. bought a new stake in Cheniere Energy in the fourth quarter worth approximately $42,000. Finally, Tsfg LLC increased its holdings in Cheniere Energy by 676.0% in the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock worth $45,000 after purchasing an additional 169 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Up 0.6%

Shares of LNG traded up $1.41 on Wednesday, reaching $235.82. The company's stock had a trading volume of 453,602 shares, compared to its average volume of 2,066,067. 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 twelve month low of $175.14 and a twelve month high of $257.65. The stock has a market capitalization of $51.83 billion, a PE ratio of 13.78 and a beta of 0.43. The firm has a fifty day moving average of $235.23 and a 200-day moving average of $230.95.

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, topping the consensus estimate of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business had revenue of $4.64 billion during 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. Cheniere Energy's revenue was up 42.8% compared to the same quarter last year. Equities analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LNG shares. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. TD Cowen lifted 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. Mizuho boosted their price objective on Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Finally, Barclays restated an "overweight" rating and set a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a report 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $263.29.

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.