US Bancorp DE increased its position in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 23.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,804 shares of the energy company’s stock after purchasing an additional 2,850 shares during the period. US Bancorp DE’s holdings in Cheniere Energy were worth $2,527,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in Cheniere Energy in the 4th quarter worth approximately $852,000. Sapient Capital LLC bought a new position in shares of Cheniere Energy during the 4th quarter valued at $1,283,000. Mackenzie Financial Corp raised its holdings in shares of Cheniere Energy by 28.9% during the 4th quarter. Mackenzie Financial Corp now owns 198,555 shares of the energy company’s stock valued at $33,895,000 after purchasing an additional 44,508 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Cheniere Energy during the 4th quarter valued at $1,144,000. Finally, Rheos Capital Works Inc. bought a new position in shares of Cheniere Energy during the 4th quarter valued at $8,894,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently commented on LNG shares. Stifel Nicolaus lifted their target price 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. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Redburn Atlantic assumed coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price target on the stock. Finally, TD Cowen decreased their price target on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.00.
Check Out Our Latest Report on Cheniere Energy
Cheniere Energy Stock Up 1.0 %
NYSE:LNG opened at $155.47 on Friday. The firm has a market capitalization of $35.59 billion, a price-to-earnings ratio of 7.57 and a beta of 0.95. Cheniere Energy, Inc. has a 12 month low of $135.30 and a 12 month high of $183.46. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.92 and a current ratio of 0.98. The company has a 50-day moving average price of $158.04.
Cheniere Energy (NYSE:LNG – Get Free Report) last released its quarterly earnings results 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 analyst estimates of $3.97 billion. During the same quarter last year, the firm earned $6.89 earnings per share. Cheniere Energy’s quarterly revenue was down 41.8% on a year-over-year basis. On average, research analysts expect that Cheniere Energy, Inc. will post 8.42 EPS for the current fiscal year.
Cheniere Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, May 9th. Cheniere Energy’s dividend payout ratio 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.
Further Reading
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Source: defenseworld.net
