Fort Washington Investment Advisors Inc. OH Acquires 12,795 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Fort Washington Investment Advisors Inc. OH grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 46.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,086 shares of the energy company’s stock after purchasing an additional 12,795 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Cheniere Energy were worth $7,008,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. grew its holdings in Cheniere Energy by 27.1% in the first quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock worth $4,715,000 after purchasing an additional 6,235 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at $852,000. Sei Investments Co. grew its holdings in shares of Cheniere Energy by 6.7% during the first quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock valued at $30,198,000 after buying an additional 11,800 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Cheniere Energy by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 898,191 shares of the energy company’s stock valued at $153,330,000 after buying an additional 31,832 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Cheniere Energy by 103.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock valued at $5,093,000 after buying an additional 16,044 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 0.8 %

LNG opened at $185.32 on Friday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $187.44. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58. The company has a 50-day moving average price of $178.32 and a 200 day moving average price of $165.19. The company has a market cap of $42.42 billion, a PE ratio of 9.03 and a beta of 0.96.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $2.13. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the prior year, the company earned $5.61 EPS. Cheniere Energy’s revenue was down 19.6% compared to the same quarter last year. Sell-side analysts expect that Cheniere Energy, Inc. will post 8.29 earnings per share for the current fiscal year.

Cheniere Energy announced that its board has authorized a stock repurchase plan on Monday, June 17th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the energy company to reacquire up to 9.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were paid a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.74 annualized dividend and a yield of 0.94%. Cheniere Energy’s dividend payout ratio is presently 8.48%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LNG. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating on the stock. TD Cowen boosted their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a report on Monday, June 17th. JPMorgan Chase & Co. boosted their price objective on shares of Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Stifel Nicolaus lowered their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Barclays upped their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and a consensus target price of $196.40.

Cheniere Energy Company 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.