Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 32.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,639 shares of the energy company’s stock after purchasing an additional 895 shares during the period. Park Avenue Securities LLC’s holdings in Cheniere Energy were worth $587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Cheniere Energy during the 3rd quarter worth $1,692,000. Natixis Advisors L.P. acquired a new position in Cheniere Energy in the third quarter worth about $4,368,000. O Shaughnessy Asset Management LLC increased its holdings in Cheniere Energy by 58.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 5,952 shares of the energy company’s stock valued at $988,000 after buying an additional 2,187 shares during the last quarter. AQR Capital Management LLC raised its stake in 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 buying an additional 263,457 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Cheniere Energy by 60.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 349,951 shares of the energy company’s stock worth $57,748,000 after acquiring an additional 131,904 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $174.98 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58. Cheniere Energy, Inc. has a 1 year low of $148.57 and a 1 year high of $183.46. The stock’s fifty day simple moving average is $159.72. The firm has a market cap of $40.06 billion, a price-to-earnings ratio of 8.52 and a beta of 0.95.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the firm posted $6.89 EPS. The company’s revenue was down 41.8% compared to the same quarter last year. Equities research analysts predict that Cheniere Energy, Inc. will post 8.33 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 9th will be given a dividend of $0.435 per share. The ex-dividend date is Friday, August 9th. This represents a $1.74 dividend on an annualized basis and a yield of 0.99%. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

Analyst Ratings Changes

Several research analysts have recently commented on LNG shares. TD Cowen lifted their target price on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. lifted their target price on Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Stifel Nicolaus lifted their target price on Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.