Nykredit A S Makes New Investment in Cheniere Energy, Inc. $LNG

Key Points

• Nykredit A S acquired 156,430 shares of Cheniere Energy during the second quarter, valued at approximately $37.4 million and representing 0.08% of the company. Institutional investors collectively own 87.26% of Cheniere.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year, but earnings per share of $3.02 fell short of the $3.11 analyst consensus.
• The stock had a consensus “Moderate Buy” rating and an average analyst price target of $304.35; Cheniere also pays a quarterly dividend of $0.555 per share, for an annualized yield of 0.8%.

Nykredit A S acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 156,430 shares of the energy company's stock, valued at approximately $37,388,000. Nykredit A S owned 0.08% of Cheniere Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Life Planners purchased a new position in Cheniere Energy during the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cheniere Energy during the third quarter valued at approximately $27,000. Community Financial Services Group LLC bought a new position in shares of Cheniere Energy during the second quarter valued at approximately $29,000. Strive Financial Group LLC bought a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $25,000. Finally, Transamerica Financial Advisors LLC lifted its stake in Cheniere Energy by 91.3% in the second quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company's stock worth $32,000 after acquiring an additional 63 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $290.34 on Friday. The company's fifty day moving average price is $265.05 and its 200-day moving average price is $255.55. The stock has a market cap of $59.96 billion and a PE ratio of 21.62. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.11 by ($0.09). The business had revenue of $5.73 billion for the quarter, compared to analysts' expectations of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The company's revenue was up 23.5% on a year-over-year basis. During the same period last year, the business earned $7.30 earnings per share. On average, equities analysts expect that Cheniere Energy, Inc. will post 16.36 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. Cheniere Energy's dividend payout ratio (DPR) is presently 16.53%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LNG. Zacks Research cut shares of Cheniere Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. TD Cowen upped their price objective on shares of Cheniere Energy from $280.00 to $290.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research report on Tuesday, June 16th. They issued a "market perform" rating and a $283.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Cheniere Energy from $327.00 to $334.00 and gave the company an "overweight" rating in a research note on Friday, July 24th. Finally, Argus set a $330.00 price target on shares of Cheniere Energy in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $304.35.

About Cheniere Energy

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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