UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 239,680 Shares of Cheniere Energy, Inc. $LNG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 12.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,135,088 shares of the energy company’s stock after acquiring an additional 239,680 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cheniere Energy were worth $510,307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LNG. Strive Financial Group LLC purchased a new stake in Cheniere Energy in the 4th quarter worth approximately $25,000. Financial Life Planners purchased a new position in shares of Cheniere Energy during the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at $27,000. Community Financial Services Group LLC bought a new position in shares of Cheniere Energy in the second quarter worth $29,000. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of Cheniere Energy by 91.3% in the second quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock worth $32,000 after purchasing an additional 63 shares during the period. Institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. JPMorgan Chase & Co. boosted their target price on Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Barclays upped their target price on Cheniere Energy from $274.00 to $279.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. TD Cowen raised their price target on Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $310.00 price target on shares of Cheniere Energy in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $304.35.

Cheniere Energy Trading Up 0.0%

Shares of LNG stock opened at $282.36 on Monday. The business has a 50-day moving average price of $260.25 and a two-hundred day moving average price of $253.45. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97. The firm has a market cap of $58.32 billion, a P/E ratio of 21.02 and a beta of -0.01.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. Cheniere Energy’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter last year, the company posted $7.30 earnings per share. Equities analysts anticipate that Cheniere Energy, Inc. will post 16.36 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were paid a $0.555 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.22 annualized dividend and a yield of 0.8%. Cheniere Energy’s dividend payout ratio is currently 16.53%.

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.