Engineers Gate Manager LP Acquires 141,173 Shares of Cheniere Energy, Inc. $LNG

Engineers Gate Manager LP raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1,187.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 153,062 shares of the energy company’s stock after purchasing an additional 141,173 shares during the period. Cheniere Energy accounts for about 0.5% of Engineers Gate Manager LP’s portfolio, making the stock its 29th largest position. Engineers Gate Manager LP owned 0.07% of Cheniere Energy worth $36,583,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Strive Financial Group LLC bought a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $25,000. Financial Life Planners bought a new position in Cheniere Energy in the first quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Cheniere Energy during the third quarter worth $27,000. Community Financial Services Group LLC purchased a new stake in Cheniere Energy during the second quarter worth $29,000. Finally, Transamerica Financial Advisors LLC boosted its position in Cheniere Energy by 91.3% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock valued at $32,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. UBS Group reiterated a “buy” rating on shares of Cheniere Energy in a report on Tuesday, September 1st. Morgan Stanley reissued an “overweight” rating and set a $310.00 price target on shares of Cheniere Energy in a research report on Friday, August 7th. Finally, Royal Bank Of Canada raised their price target on shares of Cheniere Energy from $300.00 to $319.00 and gave the company an “outperform” rating in a report on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $304.35.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $276.42 on Thursday. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. The company has a market cap of $57.09 billion and a PE ratio of 20.58. The company’s 50 day moving average is $268.43 and its 200 day moving average is $257.29.

Cheniere Energy (NYSE:LNG) last released 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). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same period last year, the company earned $7.30 earnings per share. The firm’s revenue was up 23.5% on a year-over-year basis. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 16.36 EPS for the current year.

Cheniere Energy Dividend Announcement

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

Cheniere Energy Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.