Scientech Research LLC Purchases New Position in Cheniere Energy, Inc. $LNG

Scientech Research LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 3,780 shares of the energy company's stock, valued at approximately $875,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Cheniere Energy by 0.3% during the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company's stock worth $4,844,995,000 after acquiring an additional 54,801 shares during the period. Massachusetts Financial Services Co. MA lifted 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 buying an additional 534,033 shares during the last quarter. Invesco Ltd. lifted its stake in Cheniere Energy by 7.9% in the first quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company's stock valued at $808,151,000 after buying an additional 255,140 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Cheniere Energy by 12.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company's stock valued at $737,149,000 after buying an additional 359,435 shares during the last quarter. Finally, Amundi lifted its stake in Cheniere Energy by 0.3% in the first quarter. Amundi now owns 2,703,299 shares of the energy company's stock valued at $595,245,000 after buying an additional 7,297 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Bank of America raised their target price on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Wells Fargo & Company increased their target price on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Mizuho boosted their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Finally, Barclays reaffirmed an "overweight" rating and set a $262.00 target price (up 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 given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $263.29.

Cheniere Energy Stock Down 0.5%

Cheniere Energy stock traded down $1.09 during mid-day trading on Friday, hitting $235.98. The company's stock had a trading volume of 620,065 shares, compared to its average volume of 2,058,571. The firm's 50 day moving average is $235.12 and its 200 day moving average is $231.11. The company has a market cap of $51.86 billion, a PE ratio of 13.78 and a beta of 0.43. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. Cheniere Energy, Inc. has a 52-week low of $177.55 and a 52-week high of $257.65.

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

Cheniere Energy Announces Dividend

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 dividend of $0.50 per share. The ex-dividend date of this dividend 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 11.68%.

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.