Strategic Investment Solutions Inc. IL Acquires Shares of 170 Cheniere Energy, Inc. (NYSE:LNG)

Strategic Investment Solutions Inc. IL bought a new position in Cheniere Energy, Inc. (NYSE:LNG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 170 shares of the energy company’s stock, valued at approximately $30,000.

Other institutional investors have also modified their holdings of the company. Quarry LP raised its stake in Cheniere Energy by 156.3% during the fourth quarter. Quarry LP now owns 305 shares of the energy company’s stock valued at $52,000 after buying an additional 186 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of Cheniere Energy by 49.3% during the 4th quarter. V Square Quantitative Management LLC now owns 3,299 shares of the energy company’s stock valued at $563,000 after acquiring an additional 1,089 shares in the last quarter. Scarborough Advisors LLC bought a new position in Cheniere Energy during the fourth quarter worth $163,000. Chicago Partners Investment Group LLC boosted its holdings in Cheniere Energy by 9.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 24,714 shares of the energy company’s stock worth $4,086,000 after purchasing an additional 2,119 shares during the period. Finally, Syon Capital LLC increased its stake in Cheniere Energy by 4.7% during the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LNG. TD Cowen raised 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. Sanford C. Bernstein assumed coverage on Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating for the company. Barclays upped their target price on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Finally, Stifel Nicolaus cut their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $196.25.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $187.25 on Friday. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $187.63. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. The firm has a market capitalization of $42.86 billion, a price-to-earnings ratio of 9.12 and a beta of 0.94. The business has a 50 day simple moving average of $181.22 and a 200 day simple moving average of $169.29.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $2.04 billion. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 9.74 EPS for the current year.

Cheniere Energy declared that its board has approved a share buyback plan on Monday, June 17th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the energy company to buy up to 9.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 1.66%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.62. The ex-dividend date was Wednesday, August 7th. Cheniere Energy’s payout ratio is 8.48%.

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.