Sequoia Financial Advisors LLC Acquires 6,366 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Sequoia Financial Advisors increased its Cheniere Energy stake by 4.4% in the second quarter, acquiring 6,366 shares and bringing its total holdings to 150,826 shares valued at approximately $36.05 million.
• Institutional investors and hedge funds own 87.26% of Cheniere’s stock, with several firms adding to or initiating positions during recent quarters.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year, though adjusted earnings of $3.02 per share missed estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $304.35, compared with a recent share price of $276.42.

Sequoia Financial Advisors LLC boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,826 shares of the energy company's stock after buying an additional 6,366 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.07% of Cheniere Energy worth $36,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Anchor Capital Advisors LLC bought a new stake in Cheniere Energy in the second quarter valued at $32,472,000. Saudi Central Bank lifted its holdings in shares of Cheniere Energy by 80.5% during the second quarter. Saudi Central Bank now owns 14,342 shares of the energy company's stock valued at $3,428,000 after acquiring an additional 6,397 shares during the period. Sovereign Financial Group Inc. acquired a new stake in shares of Cheniere Energy in the 1st quarter valued at $1,472,000. Thrivent Financial for Lutherans grew its holdings in shares of Cheniere Energy by 17.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 76,812 shares of the energy company's stock worth $14,930,000 after purchasing an additional 11,270 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. increased its position in shares of Cheniere Energy by 8.0% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 71,413 shares of the energy company's stock worth $20,362,000 after purchasing an additional 5,277 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Price Performance

LNG opened at $276.42 on Thursday. The stock has a market cap of $57.09 billion and a P/E ratio of 20.58. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97. The company has a fifty day simple moving average of $268.43 and a 200 day simple moving average of $257.29.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.11 by ($0.09). The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%.The firm's revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the company earned $7.30 earnings per share. On average, research analysts expect that Cheniere Energy, Inc. will post 16.36 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were paid a $0.555 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy's dividend payout ratio (DPR) is currently 16.53%.

Wall Street Analyst Weigh In

LNG has been the subject of several recent analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Sanford C. Bernstein assumed coverage on Cheniere Energy in a research report on Tuesday, June 16th. They set a "market perform" rating and a $283.00 price target on the stock. Benchmark reiterated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. TD Cowen boosted their price objective on Cheniere Energy from $280.00 to $290.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada raised their target price on Cheniere Energy from $300.00 to $319.00 and gave the company an "outperform" rating in a research note on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Cheniere Energy has an average rating of "Moderate Buy" and an average price target of $304.35.

Cheniere Energy Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.

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