Ninety One UK Ltd Buys 128,146 Shares of Cheniere Energy, Inc. $LNG

Ninety One UK Ltd boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 25.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 630,788 shares of the energy company’s stock after purchasing an additional 128,146 shares during the period. Ninety One UK Ltd’s holdings in Cheniere Energy were worth $169,701,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in Cheniere Energy by 210.1% in the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock worth $584,237,000 after buying an additional 1,656,194 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Cheniere Energy by 174.3% during the first quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock worth $636,834,000 after buying an additional 1,426,058 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Cheniere Energy by 12.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,135,088 shares of the energy company’s stock valued at $510,307,000 after acquiring an additional 239,680 shares during the last quarter. Hsbc Holdings PLC increased its position in Cheniere Energy by 36.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,059,970 shares of the energy company’s stock valued at $205,997,000 after acquiring an additional 281,504 shares during the last quarter. Finally, Chickasaw Capital Management LLC raised its stake in shares of Cheniere Energy by 4.4% in the third quarter. Chickasaw Capital Management LLC now owns 893,452 shares of the energy company’s stock valued at $240,365,000 after acquiring an additional 37,325 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LNG. Morgan Stanley restated an “overweight” rating and issued a $310.00 target price on shares of Cheniere Energy in a report on Friday, August 7th. UBS Group reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Tuesday, September 1st. JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Weiss Ratings upgraded Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $306.41.

Cheniere Energy Stock Performance

LNG traded down $1.28 during trading on Thursday, reaching $278.41. 862,028 shares of the company’s stock were exchanged, compared to its average volume of 2,311,483. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. 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 stock has a market capitalization of $57.50 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 1.14 and a beta of 0.06. The company’s fifty day simple moving average is $275.88 and its 200-day simple moving average is $260.81.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The business’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.30 earnings per share. As a group, research analysts predict that Cheniere Energy, Inc. will post 16.76 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were given a dividend of $0.5550 per share. The ex-dividend date was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. Cheniere Energy’s payout ratio is currently 16.53%.

Cheniere Energy Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere’s principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.