General Partner Inc. Acquires New Position in Cheniere Energy, Inc. (NYSE:LNG)

General Partner Inc. acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 475 shares of the energy company’s stock, valued at approximately $77,000.

Several other large investors have also bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new stake in Cheniere Energy in the fourth quarter worth $852,000. Sapient Capital LLC acquired a new stake in Cheniere Energy in the fourth quarter worth $1,283,000. Mackenzie Financial Corp raised its holdings in Cheniere Energy by 28.9% in the fourth quarter. Mackenzie Financial Corp now owns 198,555 shares of the energy company’s stock worth $33,895,000 after purchasing an additional 44,508 shares during the period. Oak Thistle LLC acquired a new stake in Cheniere Energy in the fourth quarter worth $1,144,000. Finally, Rheos Capital Works Inc. acquired a new stake in Cheniere Energy in the fourth quarter worth $8,894,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LNG shares. JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Redburn Atlantic started coverage on shares of Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price objective on the stock. UBS Group dropped their price objective 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. Stifel Nicolaus raised their price objective on shares of Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, TD Cowen raised their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $198.64.

Cheniere Energy Trading Up 5.0 %

Shares of LNG traded up $7.74 during midday trading on Tuesday, reaching $162.83. The stock had a trading volume of 964,486 shares, compared to its average volume of 1,849,508. The company’s 50 day simple moving average is $157.97. Cheniere Energy, Inc. has a one year low of $146.41 and a one year high of $183.46. The stock has a market cap of $37.27 billion, a price-to-earnings ratio of 7.55 and a beta of 0.96. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.92 and a current ratio of 0.98.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period last year, the business earned $6.89 EPS. The business’s revenue was down 41.8% on a year-over-year basis. As a group, research analysts forecast that Cheniere Energy, Inc. will post 8.42 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, August 9th. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

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.