Resolution Capital Ltd Makes New $567,000 Investment in Cheniere Energy, Inc. $LNG

Key Points

• Resolution Capital Ltd made a new investment of $567,000 in Cheniere Energy, Inc., acquiring 2,449 shares during the first quarter.
• Cheniere Energy reported significant growth, with earnings per share of $7.30 for the quarter, surpassing estimates and marking a 42.8% increase in revenue year-over-year.
• Analysts maintain a majority positive outlook on Cheniere Energy, with a consensus rating of "Buy" and a target price averaging around $263.29.

Resolution Capital Ltd acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,449 shares of the energy company's stock, valued at approximately $567,000.

A number of other hedge funds have also recently bought and sold shares of LNG. REAP Financial Group LLC boosted its holdings in Cheniere Energy by 150.0% during the 4th 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. Cooksen Wealth LLC purchased a new position in Cheniere Energy during the 1st quarter worth $38,000. WPG Advisers LLC purchased a new position in Cheniere Energy during the 1st quarter worth $38,000. Ameriflex Group Inc. bought a new stake in shares of Cheniere Energy during the 4th quarter worth $42,000. Finally, Tsfg LLC raised its stake in shares of Cheniere Energy by 676.0% during the 1st quarter. Tsfg LLC now owns 194 shares of the energy company's stock worth $45,000 after purchasing an additional 169 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LNG shares. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Barclays reiterated an "overweight" rating and set a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. TD Cowen boosted their price objective on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Wall Street Zen cut Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Wells Fargo & Company boosted their price objective on Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Cheniere Energy has a consensus rating of "Buy" and a consensus price target of $263.29.

Cheniere Energy Trading Down 0.5%

Shares of LNG opened at $235.71 on Friday. The business's 50-day moving average price is $235.47 and its 200-day moving average price is $230.73. Cheniere Energy, Inc. has a twelve month low of $175.14 and a twelve month high of $257.65. The stock has a market cap of $51.80 billion, a PE ratio of 13.76 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 announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating the consensus estimate of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. During the same period in the prior year, the business posted $3.84 earnings per share. The company's revenue was up 42.8% on a year-over-year basis. On average, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders 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 annualized dividend and a dividend yield of 0.8%. Cheniere Energy's dividend payout ratio is currently 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.

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