Quadrant Capital Group LLC lessened its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Free Report) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,153 shares of the energy company’s stock after selling 125 shares during the quarter. Quadrant Capital Group LLC’s holdings in Cheniere Energy were worth $633,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in LNG. Bornite Capital Management LP acquired a new position in shares of Cheniere Energy in the first quarter valued at about $13,865,000. MetLife Investment Management LLC purchased a new position in Cheniere Energy during the first quarter valued at approximately $2,102,000. Yousif Capital Management LLC raised its position in Cheniere Energy by 7.3% during the first quarter. Yousif Capital Management LLC now owns 5,069 shares of the energy company’s stock valued at $703,000 after acquiring an additional 345 shares in the last quarter. Raymond James Trust N.A. grew its holdings in Cheniere Energy by 95.0% in the first quarter. Raymond James Trust N.A. now owns 4,244 shares of the energy company’s stock valued at $589,000 after purchasing an additional 2,068 shares during the period. Finally, Cibc World Market Inc. grew its holdings in Cheniere Energy by 22.8% in the first quarter. Cibc World Market Inc. now owns 4,287 shares of the energy company’s stock valued at $594,000 after purchasing an additional 797 shares during the period. 85.86% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on LNG shares. Capital One Financial started coverage on Cheniere Energy in a research report on Wednesday, September 6th. They issued an “overweight” rating and a $200.00 target price on the stock. StockNews.com downgraded Cheniere Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Bank of America boosted their price objective on Cheniere Energy from $172.00 to $194.00 and gave the company a “buy” rating in a report on Thursday, September 14th. Wells Fargo & Company cut their price target on Cheniere Energy from $230.00 to $222.00 in a report on Tuesday, August 8th. Finally, Stifel Nicolaus cut their price target on Cheniere Energy from $189.00 to $183.00 and set a “buy” rating on the stock in a report on Friday, September 29th. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Buy” and an average target price of $196.00.
Cheniere Energy Stock Performance
Shares of NYSEAMERICAN LNG opened at $173.50 on Friday. The company has a debt-to-equity ratio of 3.02, a quick ratio of 1.43 and a current ratio of 1.54. The stock’s 50-day simple moving average is $155.82. Cheniere Energy, Inc. has a 1 year low of $135.00 and a 1 year high of $179.04. The stock has a market capitalization of $41.34 billion, a price-to-earnings ratio of 3.43, a price-to-earnings-growth ratio of 0.34 and a beta of 0.96.
Cheniere Energy (NYSEAMERICAN:LNG – Get Free Report) last issued its quarterly earnings data on Thursday, November 2nd. The energy company reported $2.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.55 by ($0.18). Cheniere Energy had a return on equity of 154.07% and a net margin of 50.46%. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $3.90 billion. As a group, research analysts predict that Cheniere Energy, Inc. will post 18.79 EPS for the current year.
Cheniere Energy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Thursday, November 9th were paid a dividend of $0.435 per share. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.40. This represents a $1.74 annualized dividend and a yield of 1.00%. The ex-dividend date was Wednesday, November 8th. Cheniere Energy’s payout ratio is 3.44%.
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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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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