Verity Asset Management Inc. Makes New Investment in Cheniere Energy, Inc. $LNG

Verity Asset Management Inc. bought a new stake in Cheniere Energy, Inc. (NYSE:LNG – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,436 shares of the energy company’s stock, valued at approximately $655,000.

Several other hedge funds also recently bought and sold shares of LNG. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $7,122,000. Saudi Central Bank raised its position in Cheniere Energy by 80.5% during the second quarter. Saudi Central Bank now owns 14,342 shares of the energy company’s stock valued at $3,428,000 after acquiring an additional 6,397 shares in the last quarter. Anchor Capital Advisors LLC bought a new position in Cheniere Energy during the second quarter valued at approximately $32,472,000. Groupe la Francaise acquired a new stake in Cheniere Energy in the second quarter valued at approximately $4,500,000. Finally, Nykredit A S acquired a new stake in Cheniere Energy in the second quarter valued at approximately $29,941,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $291.74 on Thursday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.76 and a current ratio of 0.90. The firm has a market cap of $59.57 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 0.95 and a beta of 0.01. The business’s 50-day simple moving average is $283.62 and its 200-day simple moving average is $257.28. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $330.73.

Cheniere Energy (NYSE:LNG – Get Free Report) last posted its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a return on equity of 26.73% and a net margin of 13.08%. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the firm posted $7.30 earnings per share. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 21.74 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Monday, November 9th will be paid a dividend of $0.6250 per share. This represents a $2.50 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, November 9th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.5550. Cheniere Energy’s dividend payout ratio is currently 15.49%.

Trending Headlines about Cheniere Energy

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Analyst Upgrades and Downgrades

Several analysts have commented on LNG shares. Weiss Ratings raised shares of Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Morgan Stanley raised their price target on shares of Cheniere Energy from $310.00 to $322.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Wells Fargo & Company lifted their price objective on shares of Cheniere Energy from $335.00 to $374.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Wall Street Zen raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $283.00 price objective on shares of Cheniere Energy in a report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $324.41.

Get Our Latest Stock Analysis on LNG

Cheniere Energy Profile

(Free Report)

Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.

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

See Also

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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