Talon Private Wealth LLC Acquires 11,014 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Talon Private Wealth LLC significantly increased its stake in Cheniere Energy by 4,809.6%, acquiring an additional 11,014 shares and raising its total holdings to 11,243 shares valued at approximately $2.6 million.
• Cheniere Energy reported impressive quarterly earnings of $7.30 per share, exceeding analyst expectations of $2.35 and marking a 42.8% increase in revenue compared to the previous year.
• The company recently announced a quarterly dividend of $0.50 per share, demonstrating a payout ratio of 11.68% and an annualized yield of 0.8% for its shareholders.

Talon Private Wealth LLC raised its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 4,809.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,243 shares of the energy company's stock after buying an additional 11,014 shares during the period. Talon Private Wealth LLC's holdings in Cheniere Energy were worth $2,596,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC acquired a new position in Cheniere Energy in the 4th quarter worth approximately $335,000. Cary Street Partners Financial LLC bought a new position in Cheniere Energy in the 4th quarter worth $181,000. CoreCap Advisors LLC raised its holdings in Cheniere Energy by 7.0% in the 4th quarter. CoreCap Advisors LLC now owns 3,755 shares of the energy company's stock worth $807,000 after acquiring an additional 246 shares during the period. EP Wealth Advisors LLC bought a new position in Cheniere Energy in the 4th quarter worth $273,000. Finally, Clark Capital Management Group Inc. bought a new position in shares of Cheniere Energy during the 4th quarter worth about $291,000. Institutional investors own 87.26% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Cowen restated a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. TD Cowen lifted their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Finally, Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Cheniere Energy presently has a consensus rating of "Buy" and an average price target of $263.29.

Cheniere Energy Price Performance

Shares of LNG traded down $0.20 during trading hours on Thursday, reaching $236.84. 1,560,010 shares of the company's stock traded hands, compared to its average volume of 2,067,183. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The firm's 50 day simple moving average is $235.17 and its 200-day simple moving average is $230.99. The stock has a market cap of $52.05 billion, a PE ratio of 13.83 and a beta of 0.43. Cheniere Energy, Inc. has a 12 month low of $176.56 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $4.64 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.84 earnings per share. Equities analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

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 is 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.