Janney Montgomery Scott LLC Increases Position in Cheniere Energy, Inc. $LNG

Janney Montgomery Scott LLC raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 14.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,146 shares of the energy company’s stock after purchasing an additional 20,157 shares during the period. Janney Montgomery Scott LLC’s holdings in Cheniere Energy were worth $46,294,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cheniere Energy in the 3rd quarter worth approximately $27,000. Strive Financial Group LLC bought a new position in Cheniere Energy during the 4th quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy during the 4th quarter valued at approximately $26,000. Accordant Advisory Group Inc purchased a new position in Cheniere Energy during the fourth quarter valued at $29,000. Finally, Sankala Group LLC purchased a new position in Cheniere Energy during the fourth quarter valued at $35,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. BMO Capital Markets boosted their target price on Cheniere Energy from $265.00 to $306.00 and gave the stock an “outperform” rating in a report on Monday, March 23rd. The Goldman Sachs Group raised their price target on Cheniere Energy from $276.00 to $312.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Jefferies Financial Group lifted their price target on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Citigroup upped their price target on shares of Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Finally, Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and an average target price of $297.71.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $241.71 on Monday. The firm has a market cap of $50.65 billion and a P/E ratio of 39.75. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The company has a 50 day moving average of $243.54 and a 200 day moving average of $233.22.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Wednesday, May 6th. The energy company reported ($16.65) EPS for the quarter, missing the consensus estimate of $4.25 by ($20.90). The business had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.69 billion. Cheniere Energy had a net margin of 7.23% and a return on equity of 38.95%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.57 earnings per share. As a group, research analysts expect that Cheniere Energy, Inc. will post 14.93 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio is presently 36.51%.

Cheniere Energy 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.