2 weeks Ago By ABMN Staff
HB Wealth Management LLC increased its holdings in Cheniere Energy, Inc. ( NYSE:LNG – Free Report ) by 6.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 2,559 shares of the energy company’s stock after buying an additional 152 shares during the quarter. HB Wealth Management LLC’s holdings in Cheniere Energy were worth $447,000 at the end of the most recent reporting period. Other large investors have also recently added to or reduced their stakes in the company.
Norges Bank acquired a new position in shares of Cheniere Energy during the fourth quarter valued at $308,910,000. TD Asset Management Inc lifted its stake in shares of Cheniere Energy by 231.8% in the 1st quarter.
TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock worth $215,914,000 after acquiring an additional 935,239 shares during the period. Zimmer Partners LP lifted its position in Cheniere Energy by 61.4% in 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 period. Jupiter Asset Management Ltd. acquired a new position in shares of Cheniere Energy during the 1st quarter valued at $70,682,000.
Finally, BROOKFIELD Corp ON raised its stake in shares of Cheniere Energy by 30.4% in the 1st quarter. BROOKFIELD Corp ON now owns 1,593,308 shares of the energy company’s stock worth $256,969,000 after buying an additional 371,061 shares in the last quarter.
87.26% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several brokerages recently weighed in on LNG.
Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th.
JPMorgan Chase & Co. boosted their target price 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. Barclays increased their target price on shares of Cheniere Energy from $194.00 to $199.
00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. TD Cowen lifted their price target on shares of Cheniere Energy from $178.00 to $185.
00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Finally, Sanford C. Bernstein initiated coverage on Cheniere Energy in a report on Monday, June 24th.
They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.
40. Cheniere Energy Price Performance NYSE LNG opened at $183.89 on Friday.
The company has a debt-to-equity ratio of 2.58, a current ratio of 0.98 and a quick ratio of 0.
92. The firm has a market capitalization of $42.09 billion, a price-to-earnings ratio of 8.
96 and a beta of 0.96. The company has a 50 day simple moving average of $177.
92 and a 200-day simple moving average of $165.03. Cheniere Energy, Inc.
has a 52-week low of $152.31 and a 52-week high of $187.44.
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 (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.52 billion. During the same quarter in the prior year, the firm earned $5.
61 EPS. The company’s revenue was down 19.6% compared to the same quarter last year.
Equities research analysts predict that Cheniere Energy, Inc. will post 8.29 earnings per share for the current fiscal year.
Cheniere Energy announced that its Board of Directors has approved a stock buyback plan on Monday, June 17th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the energy company to buy up to 9.
6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued. Cheniere Energy Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, August 16th.
Stockholders of record on Friday, August 9th were paid a dividend of $0.435 per share. This represents a $1.
74 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, August 9th.
Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%. Cheniere Energy Company Profile ( Free Report ) 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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