5,842 Shares in Cheniere Energy, Inc. $LNG Acquired by Ninepoint Partners LP

Ninepoint Partners LP purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,842 shares of the energy company’s stock, valued at approximately $1,396,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LNG. Brighton Jones LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth approximately $335,000. Bank of Nova Scotia raised its holdings in Cheniere Energy by 13.3% during the 2nd quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock valued at $2,149,000 after buying an additional 1,035 shares during the last quarter. Sei Investments Co. raised its holdings in Cheniere Energy by 23.1% during the 2nd quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after buying an additional 34,422 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in Cheniere Energy by 0.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after buying an additional 805 shares during the period. Finally, Ieq Capital LLC boosted its position in Cheniere Energy by 87.0% during the 2nd quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after buying an additional 16,977 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG opened at $279.54 on Friday. The company has a 50-day simple moving average of $254.44 and a two-hundred day simple moving average of $250.55. 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 $57.73 billion, a PE ratio of 20.81 and a beta of -0.01. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $300.89.

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

Cheniere Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Barclays raised their target price on Cheniere Energy from $274.00 to $279.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Argus set a $330.00 price target on Cheniere Energy in a report on Tuesday. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 price target on shares of Cheniere Energy in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $301.56.

Cheniere Energy Company 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.