16,365 Shares in Cheniere Energy, Inc. $LNG Purchased by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC has invested approximately $3.79 million in Cheniere Energy, acquiring 16,365 shares in the first quarter.
• Cheniere Energy has reported strong financial performance with a $7.30 EPS for the last quarter, significantly beating the consensus estimate of $2.35.
• The company's recent quarterly dividend was declared at $0.50, resulting in a 0.8% yield for shareholders.

Quantitative Investment Management LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,365 shares of the energy company's stock, valued at approximately $3,786,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Cheniere Energy by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company's stock valued at $4,844,995,000 after buying an additional 54,801 shares during the period. The Manufacturers Life Insurance Company grew its stake in Cheniere Energy by 4.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company's stock valued at $1,220,858,000 after acquiring an additional 243,418 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Cheniere Energy by 12.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock valued at $1,078,450,000 after acquiring an additional 534,033 shares during the period. Invesco Ltd. increased its holdings in shares of Cheniere Energy by 7.9% during the first quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company's stock valued at $808,151,000 after acquiring an additional 255,140 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Cheniere Energy by 12.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company's stock worth $737,149,000 after purchasing an additional 359,435 shares during the period. 87.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the firm'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 transaction of $1,057,499.00. Following the completion of the sale, the director owned 29,733 shares in the company, valued at $7,312,236.69. This trade represents a 12.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Barclays reiterated an "overweight" rating and set a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Wall Street Zen downgraded shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Wolfe Research cut shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Finally, Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. One investment 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's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $261.93.

Cheniere Energy Stock Performance

Cheniere Energy stock traded up $0.46 during mid-day trading on Thursday, reaching $242.06. 1,647,296 shares of the company's stock were exchanged, compared to its average volume of 2,094,554. The firm has a market capitalization of $53.20 billion, a PE ratio of 14.13 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. The business's fifty day simple moving average is $235.11 and its 200 day simple moving average is $229.50. Cheniere Energy, Inc. has a one year low of $175.14 and a one year high of $257.65.

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

Cheniere Energy Dividend Announcement

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