Great Lakes Advisors LLC Acquires Shares of 8,796 Cheniere Energy, Inc. $LNG

Great Lakes Advisors LLC bought a new position in Cheniere Energy, Inc. (NYSE:LNG) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 8,796 shares of the energy company’s stock, valued at approximately $2,102,000.

A number of other institutional investors have also recently modified their holdings of LNG. Strive Financial Group LLC bought a new position in Cheniere Energy in the 4th quarter worth about $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy during the 4th quarter valued at about $26,000. Financial Life Planners bought a new stake in Cheniere Energy during the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in Cheniere Energy in the third quarter worth about $27,000. Finally, Community Financial Services Group LLC purchased a new position in Cheniere Energy in the second quarter worth about $29,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Down 0.7%

LNG stock opened at $277.22 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The business’s 50-day moving average is $255.16 and its two-hundred day moving average is $250.74. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. The company has a market cap of $57.25 billion, a price-to-earnings ratio of 20.64 and a beta of -0.01.

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

Cheniere Energy Announces Dividend

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

Analyst Upgrades and Downgrades

LNG has been the topic of a number of recent analyst reports. TD Cowen increased their price target on shares of Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Argus set a $330.00 price objective on shares of Cheniere Energy in a report on Tuesday. Barclays upped their price objective on Cheniere Energy from $274.00 to $279.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $301.56.

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.