R Squared Ltd Purchases Shares of 1,290 Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• R Squared Ltd acquired a new stake in Cheniere Energy, Inc. by purchasing 1,290 shares valued at approximately $299,000 in the 1st quarter.
• Despite a revenue increase of 28% year-over-year to $5.44 billion, Cheniere Energy missed earnings per share estimates, reporting $1.57 compared to the consensus of $2.81.
• Cheniere Energy announced a quarterly dividend of $0.50 per share, set to be paid on August 18th, with a current dividend yield of 0.8%.

R Squared Ltd bought a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,290 shares of the energy company's stock, valued at approximately $299,000.

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

Cheniere Energy Stock Up 1.1%

Shares of NYSE:LNG opened at $238.39 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24. Cheniere Energy, Inc. has a 52-week low of $167.66 and a 52-week high of $257.65. The company has a 50 day moving average of $235.42 and a two-hundred day moving average of $229.22. The company has a market capitalization of $52.87 billion, a price-to-earnings ratio of 17.44 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. Cheniere Energy's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 earnings per share. As a group, analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's payout ratio is presently 14.63%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Bank of America upped their price target on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Barclays restated an "overweight" rating and set a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Raymond James Financial restated a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Finally, Wolfe Research lowered shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $260.36.

Insider Activity

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.26% of the company's stock.

Cheniere Energy 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.

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