Nykredit A S Invests $37.39 Million in Cheniere Energy, Inc. $LNG

Nykredit A S purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 156,430 shares of the energy company’s stock, valued at approximately $37,388,000.

Other large investors have also recently modified their holdings of the company. First Horizon Corp boosted its stake in Cheniere Energy by 7.7% in the 1st quarter. First Horizon Corp now owns 517 shares of the energy company’s stock worth $147,000 after purchasing an additional 37 shares in the last quarter. Signal Advisors Wealth LLC lifted its stake in shares of Cheniere Energy by 2.9% in the first quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock worth $425,000 after buying an additional 42 shares in the last quarter. Independence Bank of Kentucky lifted its stake in shares of Cheniere Energy by 6.8% in the first quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock worth $206,000 after buying an additional 46 shares in the last quarter. Optiver Holding B.V. grew its holdings in shares of Cheniere Energy by 54.5% during the first quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock valued at $39,000 after buying an additional 48 shares during the last quarter. Finally, AlTi Global Inc. grew its holdings in shares of Cheniere Energy by 1.5% during the first quarter. AlTi Global Inc. now owns 3,318 shares of the energy company’s stock valued at $942,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.9%

LNG opened at $290.34 on Friday. 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 50 day moving average price of $265.05 and a 200-day moving average price of $255.55. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The stock has a market capitalization of $59.96 billion and a price-to-earnings ratio of 21.62.

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

Cheniere Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. TD Cowen increased their target price on Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Morgan Stanley reissued an “overweight” rating and issued a $310.00 target price on shares of Cheniere Energy in a report on Friday, August 7th. Argus set a $330.00 price target on Cheniere Energy in a research note on Tuesday, August 18th. Finally, Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $304.35.

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.