Covalis Capital LLP Makes New Investment in Cheniere Energy, Inc. $LNG

Covalis Capital LLP acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,203 shares of the energy company’s stock, valued at approximately $6,624,000.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in Cheniere Energy by 27.6% during the 1st quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock worth $301,804,000 after purchasing an additional 282,050 shares during the period. Thompson Davis & CO. Inc. acquired a new position in shares of Cheniere Energy during the first quarter worth about $529,000. Assetmark Inc. increased its stake in shares of Cheniere Energy by 718.1% during the second quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock worth $406,000 after buying an additional 1,465 shares during the period. Trivium Point Advisory LLC raised its holdings in Cheniere Energy by 38.6% in the first quarter. Trivium Point Advisory LLC now owns 28,029 shares of the energy company’s stock valued at $6,486,000 after acquiring an additional 7,808 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Cheniere Energy by 3.3% in the second quarter. QRG Capital Management Inc. now owns 39,440 shares of the energy company’s stock worth $9,604,000 after acquiring an additional 1,273 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on LNG. Jefferies Financial Group set a $290.00 target price on Cheniere Energy in a report on Thursday, October 30th. BMO Capital Markets started coverage on shares of Cheniere Energy in a research report on Friday, September 19th. They set an “outperform” rating and a $268.00 price objective for the company. Cowen restated a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. Finally, Scotiabank decreased their target price on Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating for the company in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $268.47.

Insider Activity

In related news, Director W Benjamin Moreland purchased 5,000 shares of Cheniere Energy stock in a transaction dated Tuesday, November 4th. The stock was bought at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the transaction, the director owned 9,856 shares in the company, valued at approximately $2,052,216.32. The trade was a 102.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.26% of the company’s stock.

Cheniere Energy Trading Down 1.3%

Shares of LNG stock opened at $205.40 on Friday. The business’s 50 day moving average is $222.59 and its two-hundred day moving average is $230.91. Cheniere Energy, Inc. has a twelve month low of $188.70 and a twelve month high of $257.65. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $44.21 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.87 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.93 EPS. Equities analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, November 7th. Cheniere Energy’s dividend payout ratio is 12.37%.

Cheniere Energy Company 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.