Nykredit A S Takes $29.94 Million Position in Cheniere Energy, Inc. $LNG

Key Points

• Nykredit A S acquired 125,269 shares of Cheniere Energy in the second quarter, creating a position worth approximately $29.94 million and representing about 0.06% of the company.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year, but earnings of $3.02 per share fell short of analysts’ $3.11 estimate. The company also declared a quarterly dividend of $0.555 per share.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $305.65, compared with the stock’s reported price of $268.08.

Nykredit A S acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 125,269 shares of the energy company's stock, valued at approximately $29,941,000. Nykredit A S owned approximately 0.06% of Cheniere Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LNG. Financial Life Planners acquired a new stake in Cheniere Energy during the 1st quarter worth $26,000. Community Financial Services Group LLC purchased a new stake in Cheniere Energy during the 2nd quarter valued at about $29,000. Transamerica Financial Advisors LLC grew its stake in Cheniere Energy by 91.3% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company's stock valued at $32,000 after acquiring an additional 63 shares in the last quarter. Optiver Holding B.V. raised its holdings in Cheniere Energy by 54.5% in the 1st quarter. Optiver Holding B.V. now owns 136 shares of the energy company's stock valued at $39,000 after acquiring an additional 48 shares during the last quarter. Finally, Valued Wealth Advisors LLC lifted its stake in Cheniere Energy by 100.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 140 shares of the energy company's stock worth $40,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Trading Down 0.7%

Shares of Cheniere Energy stock opened at $268.08 on Friday. The stock has a 50 day moving average of $271.10 and a 200 day moving average of $259.32. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. The firm has a market capitalization of $55.37 billion and a price-to-earnings ratio of 19.96. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The business's revenue for the quarter was up 23.5% on a year-over-year basis. During the same period last year, the company earned $7.30 EPS. As a group, research analysts predict that Cheniere Energy, Inc. will post 16.31 earnings per share for the current year.

Cheniere Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LNG. Barclays upped their price target on Cheniere Energy from $274.00 to $279.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Royal Bank Of Canada boosted their price objective on Cheniere Energy from $300.00 to $319.00 and gave the stock an "outperform" rating in a research note on Monday, August 24th. Benchmark restated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Sanford C. Bernstein started coverage on Cheniere Energy in a research note on Tuesday, June 16th. They issued a "market perform" rating and a $283.00 target price for the company. Finally, UBS Group reiterated a "buy" rating on shares of Cheniere Energy in a report on Tuesday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Cheniere Energy currently has an average rating of "Moderate Buy" and a consensus price target of $305.65.

Cheniere Energy Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.

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