Tidal Investments LLC Acquires 18,275 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Tidal Investments increased its Cheniere Energy stake by 65.6% in the second quarter, purchasing 18,275 additional shares for a total holding of 46,113 shares valued at approximately $11.0 million.
• Institutional ownership remains high at 87.26%, with major investors including California State Teachers Retirement System, Wellington Management, and Marshall Wace expanding their positions.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $305.65. Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year, though EPS of $3.02 fell short of estimates.

Tidal Investments LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 65.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 46,113 shares of the energy company's stock after buying an additional 18,275 shares during the quarter. Tidal Investments LLC's holdings in Cheniere Energy were worth $11,021,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. California State Teachers Retirement System increased its holdings in shares of Cheniere Energy by 26,965.4% during the second quarter. California State Teachers Retirement System now owns 102,611,534 shares of the energy company's stock worth $24,525,183,000 after purchasing an additional 102,232,409 shares during the period. Norges Bank acquired a new stake in Cheniere Energy during the fourth quarter worth approximately $731,774,000. Bank of New York Mellon Corp acquired a new stake in Cheniere Energy during the second quarter worth approximately $502,015,000. Wellington Management Group LLP increased its stake in Cheniere Energy by 210.1% during the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company's stock worth $584,237,000 after acquiring an additional 1,656,194 shares during the period. Finally, Marshall Wace LLP increased its stake in Cheniere Energy by 555.0% during the 4th quarter. Marshall Wace LLP now owns 810,138 shares of the energy company's stock worth $157,483,000 after acquiring an additional 686,459 shares during the period. Institutional investors own 87.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on LNG shares. JPMorgan Chase & Co. boosted their price target on Cheniere Energy from $327.00 to $334.00 and gave the company an "overweight" rating in a research note on Friday, July 24th. Zacks Research downgraded shares of Cheniere Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. TD Cowen raised their target price on shares of Cheniere Energy from $280.00 to $290.00 and gave the company a "buy" rating in a report on Tuesday, August 11th. Argus set a $330.00 target price on shares of Cheniere Energy in a research report on Tuesday, August 18th. Finally, Barclays upped their price target on shares of Cheniere Energy from $274.00 to $279.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $305.65.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $278.37 on Friday. The business's 50-day moving average price is $269.73 and its 200-day moving average price is $257.80. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The firm has a market capitalization of $57.49 billion and a price-to-earnings ratio of 20.73. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97.

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 analyst estimates of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The company's revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the company posted $7.30 earnings per share. Equities research analysts forecast that Cheniere Energy, Inc. will post 16.31 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were given a dividend of $0.555 per share. The ex-dividend date was Monday, August 10th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy's dividend payout ratio is presently 16.53%.

Cheniere Energy Company 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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