Mosley Wealth Management Raises Position in Cheniere Energy, Inc. (NYSE:LNG)

Mosley Wealth Management raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 20.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,123 shares of the energy company’s stock after buying an additional 361 shares during the quarter. Mosley Wealth Management’s holdings in Cheniere Energy were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Cheniere Energy during the 4th quarter worth $308,910,000. TD Asset Management Inc raised its position in Cheniere Energy by 231.8% during the first quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock valued at $215,914,000 after purchasing an additional 935,239 shares in the last quarter. Zimmer Partners LP lifted its stake in Cheniere Energy by 61.4% during the first quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock worth $197,201,000 after purchasing an additional 465,000 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Cheniere Energy in the 1st quarter worth about $70,682,000. Finally, BROOKFIELD Corp ON increased its position in shares of Cheniere Energy by 30.4% during the 1st quarter. BROOKFIELD Corp ON now owns 1,593,308 shares of the energy company’s stock valued at $256,969,000 after purchasing an additional 371,061 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Down 0.4 %

Shares of Cheniere Energy stock traded down $0.64 during trading on Friday, hitting $180.64. The company’s stock had a trading volume of 1,509,885 shares, compared to its average volume of 1,815,255. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $187.44. The company has a market capitalization of $41.35 billion, a PE ratio of 8.80 and a beta of 0.95. The company has a fifty day simple moving average of $179.85 and a two-hundred day simple moving average of $166.12. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $2.13. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the previous year, the firm posted $5.61 EPS. The business’s revenue for the quarter was down 19.6% compared to the same quarter last year. Equities research analysts predict that Cheniere Energy, Inc. will post 9.74 earnings per share for the current year.

Cheniere Energy declared that its board has authorized a stock repurchase plan on Monday, June 17th that permits the company to buyback $4.00 billion in outstanding 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 generally a sign that the company’s board of directors believes its shares are undervalued.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were paid a $0.435 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.96%. Cheniere Energy’s dividend payout ratio is presently 8.48%.

Analysts Set New Price Targets

A number of research firms recently weighed in on LNG. Sanford C. Bernstein started coverage on Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. boosted 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. TD Cowen increased their target price 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. Barclays boosted their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus reduced their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $196.00.

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.