Genus Capital Management Inc. Raises Stock Position in Cheniere Energy, Inc. $LNG

Genus Capital Management Inc. lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 67.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,025 shares of the energy company’s stock after buying an additional 4,425 shares during the quarter. Genus Capital Management Inc.’s holdings in Cheniere Energy were worth $2,685,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Cheniere Energy by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company’s stock worth $4,844,995,000 after buying an additional 54,801 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Cheniere Energy by 12.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock worth $1,078,450,000 after buying an additional 534,033 shares during the last quarter. Invesco Ltd. lifted its position in shares of Cheniere Energy by 7.9% during the 1st quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company’s stock worth $808,151,000 after buying an additional 255,140 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Cheniere Energy by 12.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company’s stock worth $737,149,000 after buying an additional 359,435 shares during the last quarter. Finally, Amundi lifted its position in shares of Cheniere Energy by 0.3% during the 1st quarter. Amundi now owns 2,703,299 shares of the energy company’s stock worth $595,245,000 after buying an additional 7,297 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG opened at $206.69 on Wednesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The stock has a market capitalization of $45.42 billion, a P/E ratio of 12.07, a P/E/G ratio of 6.08 and a beta of 0.37. The company’s fifty day moving average is $229.74 and its two-hundred day moving average is $232.90. Cheniere Energy, Inc. has a 1 year low of $188.70 and a 1 year high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 30th. The energy company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $2.00. The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. Cheniere Energy’s revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.93 EPS. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $2.22 annualized dividend and a yield of 1.1%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio is presently 12.37%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $275.00 target price on shares of Cheniere Energy in a report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a report on Wednesday, October 8th. BMO Capital Markets assumed coverage on shares of Cheniere Energy in a report on Friday, September 19th. They issued an “outperform” rating and a $268.00 target price on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Finally, Mizuho lifted their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $268.73.

Cheniere Energy Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.