Trust Co. of Vermont Acquires Shares of 35,021 Cheniere Energy, Inc. $LNG

Key Points

• Trust Co. of Vermont initiated a position in Cheniere Energy by purchasing 35,021 shares valued at approximately $8.37 million. Institutional investors collectively own 87.26% of the company.
• Analysts remain broadly bullish, with Cheniere receiving a “Moderate Buy” consensus rating and an average price target of $299.88, compared with a recent price of $267.30.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year, though earnings per share of $3.02 fell short of the $3.11 consensus estimate. The company also declared a quarterly dividend of $0.555 per share, yielding about 0.8% annually.

Trust Co. of Vermont bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 35,021 shares of the energy company's stock, valued at approximately $8,370,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in shares of Cheniere Energy in the 2nd quarter valued at approximately $502,015,000. Northside Capital Management LLC grew its stake in Cheniere Energy by 0.3% in the second quarter. Northside Capital Management LLC now owns 43,164 shares of the energy company's stock worth $10,317,000 after purchasing an additional 113 shares during the period. Fiduciary Financial Group LLC bought a new position in Cheniere Energy in the second quarter worth $314,000. Ausbil Investment Management Ltd raised its holdings in Cheniere Energy by 45.8% in the second quarter. Ausbil Investment Management Ltd now owns 48,440 shares of the energy company's stock worth $11,815,000 after purchasing an additional 15,220 shares in the last quarter. Finally, Community Financial Services Group LLC purchased a new position in Cheniere Energy during the second quarter valued at $29,000. Hedge funds and other institutional investors own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LNG shares. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a report on Wednesday, May 13th. UBS Group set a $290.00 price target on shares of Cheniere Energy in a research report on Wednesday, May 13th. Benchmark reissued an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. TD Cowen boosted their price objective on shares of Cheniere Energy from $280.00 to $290.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley restated an "overweight" rating and issued a $310.00 price objective on shares of Cheniere Energy in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Cheniere Energy presently has an average rating of "Moderate Buy" and a consensus target price of $299.88.

Cheniere Energy Price Performance

LNG opened at $267.30 on Tuesday. The firm has a market cap of $55.21 billion, a PE ratio of 19.90 and a beta of -0.01. The stock has a 50-day moving average price of $252.30 and a 200-day moving average price of $249.18. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). The firm had revenue of $5.73 billion for the quarter, compared to analysts' expectations of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The business's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period last year, the company posted $7.30 earnings per share. Sell-side analysts predict that Cheniere Energy, Inc. will post 19.2 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.555 per share. The ex-dividend date is Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy's dividend payout ratio is presently 16.53%.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company's core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere's principal operating assets are large-scale LNG export terminals located on the U.S.

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