Thompson Davis & CO. Inc. Takes $529,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Thompson Davis & Co. Inc. made a new investment in Cheniere Energy, purchasing 2,285 shares valued at approximately $529,000.
• Cheniere Energy reported strong earnings results, with an EPS of $7.30 for the quarter, significantly exceeding analyst expectations of $2.35.
• The company declared a quarterly dividend of $0.50 per share, with a dividend yield of 0.9% for shareholders of record on August 8th.

Thompson Davis & CO. Inc. purchased a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,285 shares of the energy company's stock, valued at approximately $529,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Kayne Anderson Capital Advisors LP grew its stake in shares of Cheniere Energy by 7.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company's stock worth $345,920,000 after acquiring an additional 105,875 shares during the last quarter. Fractal Investments LLC lifted its holdings in shares of Cheniere Energy by 27.7% during the first quarter. Fractal Investments LLC now owns 75,585 shares of the energy company's stock valued at $17,490,000 after purchasing an additional 16,385 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Cheniere Energy by 7.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company's stock valued at $5,439,000 after purchasing an additional 1,630 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Cheniere Energy by 13.1% during the first quarter. Avantax Advisory Services Inc. now owns 11,765 shares of the energy company's stock valued at $2,722,000 after purchasing an additional 1,359 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Cheniere Energy by 3.9% during the first quarter. Allianz Asset Management GmbH now owns 1,262,055 shares of the energy company's stock valued at $292,040,000 after purchasing an additional 47,104 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Barclays reissued an "overweight" rating and issued a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Bank of America raised their price objective on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Finally, Cowen reissued a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $261.93.

Cheniere Energy Price Performance

Shares of LNG stock opened at $232.84 on Friday. Cheniere Energy, Inc. has a 52-week low of $175.14 and a 52-week high of $257.65. 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 firm has a market capitalization of $51.17 billion, a P/E ratio of 13.59 and a beta of 0.43. The stock has a 50 day moving average price of $234.86 and a 200 day moving average price of $228.85.

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 for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%. Cheniere Energy's revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.84 EPS. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's payout ratio is presently 11.68%.

Insider Activity at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the transaction, the director directly owned 29,733 shares of the company's stock, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company's stock.

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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