Choreo LLC Buys New Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Choreo LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,296 shares of the energy company’s stock, valued at approximately $744,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Cheniere Energy during the fourth quarter worth $308,910,000. TD Asset Management Inc lifted its stake in Cheniere Energy by 231.8% in the 1st quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock worth $215,914,000 after purchasing an additional 935,239 shares in the last quarter. Zimmer Partners LP boosted its holdings in shares of Cheniere Energy by 61.4% during the 1st quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock valued at $197,201,000 after purchasing an additional 465,000 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Cheniere Energy during the first quarter valued at about $70,682,000. Finally, BROOKFIELD Corp ON increased its holdings in shares of Cheniere Energy by 30.4% in the first quarter. BROOKFIELD Corp ON now owns 1,593,308 shares of the energy company’s stock worth $256,969,000 after purchasing an additional 371,061 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 1.1 %

LNG stock opened at $179.10 on Friday. The firm’s fifty day simple moving average is $180.24 and its two-hundred day simple moving average is $166.76. The stock has a market capitalization of $40.52 billion, a price-to-earnings ratio of 8.72 and a beta of 0.95. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $187.44.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $2.13. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period in the prior year, the company posted $5.61 EPS. The firm’s revenue for the quarter was down 19.6% on a year-over-year basis. As a group, analysts anticipate that Cheniere Energy, Inc. will post 9.74 earnings per share for the current year.

Cheniere Energy announced that its board has authorized a share repurchase program on Monday, June 17th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the energy company to buy up to 9.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Friday, August 9th. Cheniere Energy’s dividend payout ratio is currently 8.48%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LNG. JPMorgan Chase & Co. increased their price target on Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Stifel Nicolaus lowered their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. TD Cowen boosted their price target on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Barclays increased their price objective on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, Sanford C. Bernstein started coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $196.00.

Cheniere Energy Company Profile

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.