Hexagon Capital Partners LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 19.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 755 shares of the energy company’s stock after buying an additional 124 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Cheniere Energy were worth $132,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lynx Investment Advisory purchased a new stake in Cheniere Energy in the 2nd quarter worth $27,000. Crewe Advisors LLC purchased a new stake in shares of Cheniere Energy in the first quarter worth about $26,000. Cooksen Wealth LLC bought a new position in Cheniere Energy during the fourth quarter valued at approximately $28,000. Riverview Trust Co bought a new position in Cheniere Energy during the first quarter valued at approximately $29,000. Finally, Scarborough Advisors LLC purchased a new position in Cheniere Energy during the 4th quarter valued at approximately $45,000. Institutional investors own 87.26% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on LNG shares. JPMorgan Chase & Co. upped their price objective on Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Stifel Nicolaus lowered their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday. UBS Group reduced their target price on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Redburn Atlantic started coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price on the stock. Finally, TD Cowen lifted their price target on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $196.40.
View Our Latest Research Report on LNG
Cheniere Energy Trading Up 1.8 %
Shares of NYSE LNG traded up $3.30 during midday trading on Friday, hitting $183.17. The company’s stock had a trading volume of 1,645,285 shares, compared to its average volume of 1,892,294. The business’s 50 day moving average is $171.54 and its two-hundred day moving average is $164.10. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $184.62. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58. The firm has a market cap of $41.93 billion, a P/E ratio of 8.92 and a beta of 0.96.
Cheniere Energy (NYSE:LNG – Get Free Report) last released its earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $2.13. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.52 billion. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The business’s revenue was down 19.6% compared to the same quarter last year. During the same quarter last year, the firm posted $5.61 earnings per share. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 8.29 EPS for the current year.
Cheniere Energy announced that its Board of Directors has authorized a share buyback plan on Monday, June 17th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the energy company to purchase up to 9.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
Cheniere Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 9th will be given a $0.435 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.74 annualized dividend and a yield of 0.95%. Cheniere Energy’s dividend payout ratio (DPR) is 8.48%.
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 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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