Voya Investment Management LLC Has $44.60 Million Position in Cheniere Energy, Inc. $LNG

Key Points

• Voya Investment Management LLC increased its position in Cheniere Energy by 3.0% during the 1st quarter, now holding 192,756 shares valued at approximately $44.60 million.
• Cheniere Energy has received numerous positive ratings from analysts, with a consensus rating of "Buy" and an average price target of $263.29.
• In its latest earnings report, Cheniere Energy reported $7.30 EPS, significantly surpassing consensus estimates, alongside a 42.8% year-over-year revenue increase to $4.64 billion.

Voya Investment Management LLC increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,756 shares of the energy company's stock after buying an additional 5,690 shares during the period. Voya Investment Management LLC owned about 0.09% of Cheniere Energy worth $44,604,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LNG. Brighton Jones LLC acquired a new stake in Cheniere Energy during the 4th quarter worth approximately $335,000. NorthRock Partners LLC bought a new position in Cheniere Energy during the 4th quarter worth approximately $351,000. Quantinno Capital Management LP raised its holdings in Cheniere Energy by 40.7% during the 4th quarter. Quantinno Capital Management LP now owns 20,822 shares of the energy company's stock worth $4,474,000 after purchasing an additional 6,022 shares during the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Cheniere Energy by 9.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 7,155 shares of the energy company's stock worth $1,537,000 after purchasing an additional 591 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC bought a new position in Cheniere Energy during the 4th quarter worth approximately $60,164,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LNG has been the subject of several analyst reports. Cowen restated a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. Barclays reiterated an "overweight" rating and issued a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. TD Cowen lifted their price objective 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. Wells Fargo & Company boosted their price target 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. Finally, Bank of America lifted their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Cheniere Energy has a consensus rating of "Buy" and an average price target of $263.29.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $235.93 on Friday. The company's 50-day moving average is $235.05 and its 200 day moving average is $231.33. 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 company has a market capitalization of $51.85 billion, a P/E ratio of 13.77 and a beta of 0.43. Cheniere Energy, Inc. has a fifty-two week low of $177.55 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $4.95. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The firm's quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.84 EPS. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.00 annualized dividend 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.

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