RFG Advisory LLC Has $1.13 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

RFG Advisory LLC grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 42.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,993 shares of the energy company’s stock after buying an additional 2,079 shares during the quarter. RFG Advisory LLC’s holdings in Cheniere Energy were worth $1,128,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Cheniere Energy in the fourth quarter valued at approximately $308,910,000. Caisse DE Depot ET Placement DU Quebec increased its position in Cheniere Energy by 35.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,399,852 shares of the energy company’s stock valued at $232,319,000 after acquiring an additional 367,275 shares during the period. Laurion Capital Management LP raised its stake in shares of Cheniere Energy by 107.2% during the third quarter. Laurion Capital Management LP now owns 20,012 shares of the energy company’s stock valued at $3,321,000 after acquiring an additional 296,687 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Cheniere Energy by 40.8% during the third quarter. AQR Capital Management LLC now owns 908,987 shares of the energy company’s stock valued at $150,828,000 after acquiring an additional 263,457 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Cheniere Energy by 5.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company’s stock worth $672,559,000 after purchasing an additional 220,802 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 0.6 %

Shares of NYSE LNG opened at $164.92 on Friday. Cheniere Energy, Inc. has a twelve month low of $146.58 and a twelve month high of $183.46. The business has a 50 day simple moving average of $158.39. The stock has a market cap of $37.75 billion, a P/E ratio of 8.03 and a beta of 0.95. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.98 and a quick ratio of 0.92.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the firm earned $6.89 EPS. Cheniere Energy’s quarterly revenue was down 41.8% on a year-over-year basis. As a group, research analysts expect that Cheniere Energy, Inc. will post 8.31 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 9th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.74 annualized dividend and a yield of 1.06%. Cheniere Energy’s payout ratio is 8.48%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LNG shares. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Stifel Nicolaus lifted their price objective on Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. UBS Group decreased their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. TD Cowen boosted their target price on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Finally, Redburn Atlantic initiated coverage on Cheniere Energy in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 target price for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus price target of $198.64.

About Cheniere Energy

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.