Cbre Investment Management Listed Real Assets LLC Acquires 250,427 Shares of Cheniere Energy, Inc. $LNG

Cbre Investment Management Listed Real Assets LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 84.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 547,545 shares of the energy company’s stock after buying an additional 250,427 shares during the period. Cheniere Energy comprises about 1.8% of Cbre Investment Management Listed Real Assets LLC’s portfolio, making the stock its 18th biggest position. Cbre Investment Management Listed Real Assets LLC owned 0.25% of Cheniere Energy worth $128,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new stake in Cheniere Energy during the third quarter valued at $25,000. Hazlett Burt & Watson Inc. boosted its stake in Cheniere Energy by 250.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in Cheniere Energy during the second quarter worth $34,000. Armstrong Advisory Group Inc. grew its holdings in Cheniere Energy by 47.6% in the third quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock worth $36,000 after purchasing an additional 50 shares during the period. Finally, Rakuten Investment Management Inc. acquired a new stake in Cheniere Energy in the third quarter worth $38,000. 87.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LNG has been the topic of several research reports. Jefferies Financial Group reiterated a “buy” rating on shares of Cheniere Energy in a report on Thursday, February 26th. Morgan Stanley set a $236.00 target price on Cheniere Energy and gave the company an “equal weight” rating in a research report on Tuesday, February 24th. Weiss Ratings downgraded Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 20th. Scotiabank increased their price target on Cheniere Energy from $266.00 to $285.00 and gave the stock a “sector outperform” rating in a report on Thursday, March 5th. Finally, UBS Group raised their price objective on Cheniere Energy from $277.00 to $301.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.89.

Cheniere Energy Stock Up 1.8%

Shares of NYSE LNG opened at $250.30 on Thursday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.94 and a quick ratio of 0.81. The company has a 50-day moving average price of $216.62 and a 200-day moving average price of $217.23. The stock has a market capitalization of $52.61 billion, a P/E ratio of 10.30 and a beta of 0.25. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $259.24.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Wednesday, February 25th. The energy company reported $10.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.90 by $6.78. Cheniere Energy had a net margin of 26.68% and a return on equity of 32.04%. The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the business posted $4.33 EPS. The firm’s revenue was up 22.9% compared to the same quarter last year. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 26th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the energy company to reacquire up to 21.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 6th were paid a $0.555 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio is 9.14%.

About Cheniere Energy

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.