OMERS ADMINISTRATION Corp Grows Stock Holdings in Cheniere Energy, Inc. $LNG

Key Points

• OMERS ADMINISTRATION Corp increased its holdings in Cheniere Energy by 112.4% during the first quarter, owning 21,197 shares worth over $4.9 million as of the latest report.
• Cheniere Energy reported earnings of $7.30 per share for the last quarter, significantly exceeding analysts’ expectations of $2.35, and had a revenue of $4.64 billion.
• Several analysts have given buy ratings for Cheniere Energy, with target prices ranging from $262 to $288 per share, reflecting strong growth potential in the energy sector.

OMERS ADMINISTRATION Corp grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 112.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,197 shares of the energy company's stock after purchasing an additional 11,215 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Cheniere Energy were worth $4,905,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. REAP Financial Group LLC boosted its position in Cheniere Energy by 150.0% during the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Banque Transatlantique SA purchased a new position in Cheniere Energy in the 4th quarter worth approximately $32,000. Cooksen Wealth LLC purchased a new position in Cheniere Energy in the 1st quarter worth approximately $38,000. Ameriflex Group Inc. acquired a new position in shares of Cheniere Energy during the 4th quarter worth approximately $42,000. Finally, Tsfg LLC grew its position in shares of Cheniere Energy by 676.0% in the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after purchasing an additional 169 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value of $1,057,499.00. Following the sale, the director directly owned 29,733 shares of the company's stock, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Trading Down 0.2%

NYSE:LNG traded down $0.50 on Monday, reaching $241.64. The company's stock had a trading volume of 1,655,524 shares, compared to its average volume of 1,730,234. Cheniere Energy, Inc. has a 12-month low of $175.14 and a 12-month high of $257.65. The stock has a 50 day moving average price of $235.39 and a 200 day moving average price of $230.09. The firm has a market cap of $53.10 billion, a price-to-earnings ratio of 14.11 and a beta of 0.43. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96.

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

Cheniere Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LNG shares. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. TD Cowen raised their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the stock a "buy" rating in a report on Thursday, June 26th. Wall Street Zen cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Barclays reissued an "overweight" rating and issued 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 issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price 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.