Aquatic Capital Management LLC Invests $17.19 Million in Cheniere Energy, Inc. $LNG

Aquatic Capital Management LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the third quarter, HoldingsChannel.com reports. The firm purchased 73,133 shares of the energy company’s stock, valued at approximately $17,185,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LNG. 1858 Wealth Management LLC acquired a new stake in Cheniere Energy in the third quarter valued at $217,000. Ameriprise Financial Inc. lifted its stake in shares of Cheniere Energy by 1.9% in the third quarter. Ameriprise Financial Inc. now owns 379,627 shares of the energy company’s stock valued at $89,087,000 after purchasing an additional 6,966 shares during the period. Creative Planning boosted its holdings in Cheniere Energy by 13.3% during the third quarter. Creative Planning now owns 109,105 shares of the energy company’s stock worth $25,637,000 after buying an additional 12,795 shares in the last quarter. AQR Capital Management LLC grew its position in Cheniere Energy by 14.3% during the third quarter. AQR Capital Management LLC now owns 698,341 shares of the energy company’s stock worth $163,838,000 after buying an additional 87,418 shares during the period. Finally, Credit Agricole S A purchased a new position in Cheniere Energy in the third quarter valued at about $38,692,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LNG. Royal Bank Of Canada decreased their price target on Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 28th. Barclays lifted their price objective on Cheniere Energy from $259.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Wells Fargo & Company lowered their target price on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a report on Friday. Scotiabank raised their price target on Cheniere Energy from $266.00 to $285.00 and gave the company a “sector outperform” rating in a research report on Thursday, March 5th. Finally, TD Cowen lifted their price target on Cheniere Energy from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $264.39.

Cheniere Energy Trading Down 0.6%

Shares of LNG opened at $252.44 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.94 and a quick ratio of 0.81. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $259.24. The stock has a market cap of $53.06 billion, a price-to-earnings ratio of 10.39 and a beta of 0.25. The firm has a 50 day simple moving average of $218.91 and a 200-day simple moving average of $217.40.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Wednesday, February 25th. The energy company reported $10.68 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $6.78. The firm had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Cheniere Energy had a return on equity of 32.04% and a net margin of 26.68%.Cheniere Energy’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.33 EPS. Equities analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 6th were given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, February 6th. Cheniere Energy’s dividend payout ratio (DPR) is currently 9.14%.

Cheniere Energy announced that its board has initiated a stock buyback program on Thursday, February 26th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the energy company to purchase up to 21.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.