Thrivent Financial for Lutherans Has $549,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Thrivent Financial for Lutherans lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 31.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,137 shares of the energy company’s stock after selling 1,468 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Cheniere Energy were worth $549,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LNG. Creekmur Asset Management LLC bought a new position in Cheniere Energy during the fourth quarter valued at $25,000. Crewe Advisors LLC bought a new position in Cheniere Energy during the first quarter worth about $26,000. MCF Advisors LLC purchased a new position in shares of Cheniere Energy in the second quarter worth about $26,000. Lynx Investment Advisory bought a new stake in shares of Cheniere Energy in the second quarter valued at approximately $27,000. Finally, Carolinas Wealth Consulting LLC lifted its stake in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $187.87 on Wednesday. The company’s fifty day moving average price is $181.70 and its 200-day moving average price is $169.80. 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 $43.01 billion, a price-to-earnings ratio of 9.15 and a beta of 0.94. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $191.05.

Cheniere Energy (NYSE:LNG) last issued 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. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.04 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy declared that its board has initiated a stock repurchase program on Monday, June 17th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the energy company to purchase up to 9.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Cheniere Energy Increases Dividend

The firm 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 is a boost 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 of this dividend was Wednesday, August 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus lowered 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. Barclays increased their price objective on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. TD Cowen lifted their target price on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Cheniere Energy 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.