Wellington Management Group LLP Has $584.24 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Wellington Management Group LLP boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 210.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,444,403 shares of the energy company's stock after acquiring an additional 1,656,194 shares during the quarter. Wellington Management Group LLP owned 1.18% of Cheniere Energy worth $584,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LNG. Norges Bank bought a new position in shares of Cheniere Energy during the fourth quarter valued at $731,774,000. Bank of New York Mellon Corp bought a new stake in shares of Cheniere Energy in the second quarter worth $502,015,000. Marshall Wace LLP grew its stake in shares of Cheniere Energy by 555.0% in the fourth quarter. Marshall Wace LLP now owns 810,138 shares of the energy company's stock worth $157,483,000 after purchasing an additional 686,459 shares during the last quarter. OMERS ADMINISTRATION Corp increased its holdings in Cheniere Energy by 6,513.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company's stock valued at $160,251,000 after purchasing an additional 556,203 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Cheniere Energy by 518.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company's stock valued at $112,267,000 after purchasing an additional 484,198 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LNG has been the topic of several recent research reports. Benchmark reaffirmed an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, May 26th. UBS Group set a $290.00 price target on Cheniere Energy in a research note on Wednesday, May 13th. Argus set a $330.00 price objective on Cheniere Energy in a research report on Tuesday, August 18th. Morgan Stanley reaffirmed an "overweight" rating and issued a $310.00 price objective on shares of Cheniere Energy in a research note on Friday, August 7th. Finally, Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $304.35.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $282.36 on Friday. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The firm has a fifty day simple moving average of $260.25 and a 200 day simple moving average of $253.19. The company has a market capitalization of $58.32 billion, a PE ratio of 21.02 and a beta of -0.01. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing analysts' consensus estimates of $3.11 by ($0.09). The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate 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 was up 23.5% compared to the same quarter last year. During the same period last year, the company posted $7.30 EPS. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 16.36 EPS for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy's payout ratio is currently 16.53%.

About Cheniere Energy

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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