ExodusPoint Capital Management LP reduced its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Free Report) by 34.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,320 shares of the energy company’s stock after selling 134,343 shares during the period. ExodusPoint Capital Management LP’s holdings in Cheniere Energy were worth $38,901,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. lifted its position in shares of Cheniere Energy by 0.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 13,645 shares of the energy company’s stock worth $2,079,000 after purchasing an additional 65 shares in the last quarter. Scotia Capital Inc. increased its stake in Cheniere Energy by 5.0% in the 1st quarter. Scotia Capital Inc. now owns 1,428 shares of the energy company’s stock valued at $225,000 after buying an additional 68 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in Cheniere Energy by 0.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,810 shares of the energy company’s stock worth $1,321,000 after buying an additional 70 shares in the last quarter. Keene & Associates Inc. boosted its stake in shares of Cheniere Energy by 4.5% during the 2nd quarter. Keene & Associates Inc. now owns 1,744 shares of the energy company’s stock valued at $266,000 after buying an additional 75 shares during the period. Finally, Meridian Wealth Management LLC grew its holdings in shares of Cheniere Energy by 0.4% during the 4th quarter. Meridian Wealth Management LLC now owns 18,334 shares of the energy company’s stock valued at $2,749,000 after acquiring an additional 76 shares in the last quarter. 85.86% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts recently issued reports on LNG shares. Wells Fargo & Company reduced their price objective on Cheniere Energy from $230.00 to $222.00 in a research report on Tuesday, August 8th. Bank of America raised their price objective on shares of Cheniere Energy from $172.00 to $194.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. The Goldman Sachs Group began coverage on shares of Cheniere Energy in a research note on Thursday, October 5th. They set a “buy” rating and a $205.00 price target on the stock. Stifel Nicolaus reduced their price objective on shares of Cheniere Energy from $189.00 to $183.00 and set a “buy” rating for the company in a research note on Friday, September 29th. Finally, StockNews.com lowered Cheniere Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $196.00.
Cheniere Energy Price Performance
Shares of NYSEAMERICAN LNG traded up $1.00 during mid-day trading on Monday, hitting $174.50. The company had a trading volume of 578,484 shares, compared to its average volume of 1,595,122. Cheniere Energy, Inc. has a 12 month low of $135.00 and a 12 month high of $179.04. 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 company has a market cap of $41.58 billion, a price-to-earnings ratio of 3.45, a P/E/G ratio of 0.34 and a beta of 0.96. The firm’s 50-day moving average price is $155.82.
Cheniere Energy (NYSEAMERICAN:LNG – Get Free Report) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported $2.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.55 by ($0.18). Cheniere Energy had a net margin of 50.46% and a return on equity of 154.07%. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $3.90 billion. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 18.79 EPS for the current year.
Cheniere Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Thursday, November 9th were paid a $0.435 dividend. The ex-dividend date was Wednesday, November 8th. This represents a $1.74 dividend on an annualized basis and a yield of 1.00%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.40. Cheniere Energy’s payout ratio is presently 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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