Wellington Management Group LLP Acquires 1,656,194 Shares of Cheniere Energy, Inc. $LNG

Wellington Management Group LLP lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 210.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,444,403 shares of the energy company’s stock after buying an additional 1,656,194 shares during the quarter. Wellington Management Group LLP’s holdings in Cheniere Energy were worth $584,237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of LNG. Sovereign Financial Group Inc. bought a new stake in Cheniere Energy in the 1st quarter valued at about $1,472,000. Thrivent Financial for Lutherans boosted its holdings in Cheniere Energy by 17.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 76,812 shares of the energy company’s stock worth $14,930,000 after acquiring an additional 11,270 shares in the last quarter. Prudential PLC boosted its holdings in Cheniere Energy by 2,313.7% in the fourth quarter. Prudential PLC now owns 98,285 shares of the energy company’s stock worth $19,106,000 after acquiring an additional 94,213 shares in the last quarter. Norges Bank acquired a new stake in Cheniere Energy in the fourth quarter valued at approximately $731,774,000. Finally, NFJ Investment Group LLC acquired a new stake in Cheniere Energy in the fourth quarter valued at approximately $2,646,000. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the subject of several recent research reports. UBS Group set a $290.00 price objective on Cheniere Energy in a report on Wednesday, May 13th. Royal Bank Of Canada lifted their price target on shares of Cheniere Energy from $300.00 to $319.00 and gave the company an “outperform” rating in a research report on Monday, August 24th. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Finally, Argus set a $330.00 price objective on shares of Cheniere Energy in a report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $304.35.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $282.36 on Friday. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. 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 business has a 50 day moving average price of $260.25 and a 200-day moving average price of $253.19. The company has a market cap of $58.32 billion, a PE ratio of 21.02 and a beta of -0.01.

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

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were issued a dividend of $0.555 per share. 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 currently 16.53%.

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.