S.E.E.D. Planning Group LLC Acquires Shares of 5,491 Cheniere Energy, Inc. $LNG

Key Points

• S.E.E.D. Planning Group LLC acquired 5,491 shares of Cheniere Energy valued at approximately $1.34 million during the 2nd quarter.
• Cheniere Energy reported a quarterly EPS of $7.30, significantly exceeding analysts' estimates of $2.35, along with revenue growth of 42.8% year-over-year.
• The stock has received positive analyst ratings, with an average target price of $263.29 and a consensus rating of "Buy".

S.E.E.D. Planning Group LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,491 shares of the energy company's stock, valued at approximately $1,337,000.

Other institutional investors also recently bought and sold shares of the company. REAP Financial Group LLC grew its holdings in Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after purchasing an additional 75 shares during the period. Cooksen Wealth LLC acquired a new stake in Cheniere Energy in the first quarter valued at approximately $38,000. WPG Advisers LLC acquired a new stake in Cheniere Energy in the first quarter valued at approximately $38,000. Ameriflex Group Inc. acquired a new stake in Cheniere Energy in the fourth quarter valued at approximately $42,000. Finally, Tsfg LLC grew its holdings in 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 during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on LNG. Barclays reissued an "overweight" rating and issued a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Wells Fargo & Company lifted their price target on Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $263.29.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $235.93 on Monday. Cheniere Energy, Inc. has a one year low of $177.55 and a one year high of $257.65. The company has a market cap of $51.85 billion, a price-to-earnings ratio of 13.77 and a beta of 0.43. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The business's 50 day moving average price is $235.05 and its 200 day moving average price is $231.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $4.48 billion. During the same quarter last year, the business posted $3.84 earnings per share. The firm's revenue was up 42.8% compared to the same quarter last year. On average, research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors 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 yield of 0.8%. Cheniere Energy's dividend payout ratio (DPR) is presently 11.68%.

About Cheniere Energy

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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