Townsquare Capital LLC Increases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Townsquare Capital LLC significantly increased its stake in Cheniere Energy by 318.5%, acquiring an additional 15,748 shares, bringing its total holdings to 20,692 shares valued at approximately $4.79 million.
• Cheniere Energy's recent earnings report revealed a EPS of $7.30, exceeding estimates and showing a 42.8% increase in revenue year-over-year, demonstrating robust financial performance despite market fluctuations.
• Multiple analysts have set optimistic price targets for Cheniere Energy, with standout forecasts including $288.00 from Jefferies Financial Group and a consensus target price of $260.71, indicating strong buy sentiments among market analysts.

Townsquare Capital LLC grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 318.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 20,692 shares of the energy company's stock after acquiring an additional 15,748 shares during the quarter. Townsquare Capital LLC's holdings in Cheniere Energy were worth $4,788,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in Cheniere Energy in the 4th quarter worth about $335,000. Bessemer Group Inc. boosted its position in shares of Cheniere Energy by 3.8% during the 4th quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company's stock valued at $8,032,000 after purchasing an additional 1,359 shares in the last quarter. Scotia Capital Inc. boosted its position in shares of Cheniere Energy by 3.0% during the 4th quarter. Scotia Capital Inc. now owns 28,831 shares of the energy company's stock valued at $6,195,000 after purchasing an additional 837 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its position in shares of Cheniere Energy by 57.1% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 1,288 shares of the energy company's stock valued at $277,000 after purchasing an additional 468 shares in the last quarter. Finally, Heritage Trust Co bought a new position in Cheniere Energy in the fourth quarter worth approximately $1,364,000. 87.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction dated 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 sale, the director 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. Company insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LNG. Barclays reiterated an "overweight" rating and issued a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Stifel Nicolaus dropped their price target on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen lowered Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. TD Cowen raised their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Two equities 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $261.93.

Cheniere Energy Price Performance

LNG stock traded up $1.55 during mid-day trading on Thursday, hitting $232.84. 1,067,234 shares of the stock were exchanged, compared to its average volume of 2,296,666. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The business has a fifty day moving average price of $234.86 and a 200 day moving average price of $228.85. Cheniere Energy, Inc. has a 12 month low of $175.14 and a 12 month high of $257.65. The stock has a market capitalization of $51.17 billion, a price-to-earnings ratio of 13.59 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last released 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. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the previous year, the company posted $3.84 EPS. Cheniere Energy's revenue for the quarter was up 42.8% on a year-over-year basis. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

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

Cheniere Energy 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.