Knuff & Co LLC Buys New Shares in Cheniere Energy, Inc. $LNG

Knuff & Co LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,074 shares of the energy company’s stock, valued at approximately $735,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in Cheniere Energy in the first quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cheniere Energy during the 3rd quarter worth about $27,000. Community Financial Services Group LLC bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at about $29,000. Strive Financial Group LLC bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $25,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Cheniere Energy in the 4th quarter valued at about $26,000. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $274.10 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $56.61 billion, a price-to-earnings ratio of 20.41 and a beta of -0.01. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The company has a 50-day simple moving average of $253.64 and a two-hundred day simple moving average of $250.07.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.30 earnings per share. Analysts forecast that Cheniere Energy, Inc. will post 16.36 EPS for the current year.

Cheniere Energy Dividend Announcement

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

Wall Street Analyst Weigh In

LNG has been the subject of a number of research analyst reports. Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. JPMorgan Chase & Co. boosted their target price on Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, Morgan Stanley restated an “overweight” rating and issued a $310.00 price target on shares of Cheniere Energy in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $301.56.

Cheniere Energy Company Profile

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.