Two Sigma Securities LLC Lowers Holdings in Cheniere Energy, Inc. $LNG

Two Sigma Securities LLC decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 86.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,104 shares of the energy company’s stock after selling 6,970 shares during the quarter. Two Sigma Securities LLC’s holdings in Cheniere Energy were worth $264,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sovereign Financial Group Inc. purchased a new stake in Cheniere Energy in the first quarter valued at approximately $1,472,000. Thrivent Financial for Lutherans grew its stake in shares of Cheniere Energy by 17.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 76,812 shares of the energy company’s stock valued at $14,930,000 after buying an additional 11,270 shares in the last quarter. Prudential PLC grew its stake in shares of Cheniere Energy by 2,313.7% in the fourth quarter. Prudential PLC now owns 98,285 shares of the energy company’s stock valued at $19,106,000 after buying an additional 94,213 shares in the last quarter. Resona Asset Management Co. Ltd. raised its holdings in shares of Cheniere Energy by 8.0% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 71,413 shares of the energy company’s stock valued at $20,362,000 after buying an additional 5,277 shares during the period. Finally, Norges Bank purchased a new stake in shares of Cheniere Energy in the 4th quarter valued at $731,774,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank Of Canada raised their target price on Cheniere Energy from $300.00 to $319.00 and gave the company an “outperform” rating in a report on Monday, August 24th. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a research note on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price target on the stock. Wall Street Zen raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. TD Cowen raised their price objective on shares of Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley restated an “overweight” rating and issued a $310.00 price objective on shares of Cheniere Energy in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average target price of $304.35.

Cheniere Energy Price Performance

LNG stock opened at $292.02 on Friday. The business’s 50-day moving average is $266.05 and its two-hundred day moving average is $255.80. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72. The firm has a market capitalization of $60.31 billion and a P/E ratio of 21.74. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same period last year, the business earned $7.30 EPS. The firm’s revenue was up 23.5% compared to the same quarter last year. Analysts anticipate that Cheniere Energy, Inc. will post 16.36 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy’s payout ratio is 16.53%.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.