47,112 Shares in Cheniere Energy, Inc. (NYSE:LNG) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 47,112 shares of the energy company’s stock, valued at approximately $7,497,000.

A number of other hedge funds have also bought and sold shares of the business. Signature Wealth Management Group grew its stake in Cheniere Energy by 1.4% during the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock worth $832,000 after buying an additional 66 shares in the last quarter. Capital Advisors Ltd. LLC increased its holdings in Cheniere Energy by 57.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock valued at $33,000 after buying an additional 68 shares during the period. E&G Advisors LP increased its holdings in Cheniere Energy by 5.2% in the 1st quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock valued at $229,000 after buying an additional 70 shares during the period. Syon Capital LLC increased its holdings in Cheniere Energy by 4.7% in the 4th quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after buying an additional 73 shares during the period. Finally, Accordant Advisory Group Inc increased its holdings in Cheniere Energy by 0.4% in the 2nd quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company’s stock valued at $3,389,000 after buying an additional 76 shares during the period. 87.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays lifted their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Stifel Nicolaus reduced their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a 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. Finally, Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a research 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 eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $196.25.

Cheniere Energy Stock Performance

NYSE LNG opened at $188.44 on Friday. The firm has a market cap of $43.14 billion, a price-to-earnings ratio of 9.18 and a beta of 0.94. The company has a fifty day moving average price of $181.45 and a 200-day moving average price of $169.48. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $188.73.

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

Cheniere Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were paid a $0.775 dividend. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Wednesday, August 7th. Cheniere Energy’s dividend payout ratio (DPR) is currently 8.48%.

Cheniere Energy announced that its Board of Directors has authorized a share repurchase plan on Monday, June 17th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the energy company to repurchase up to 9.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.