Courier Capital LLC Buys 10,239 Shares of Cheniere Energy, Inc. $LNG

Courier Capital LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 99.7% in the third quarter, HoldingsChannel.com reports. The fund owned 20,506 shares of the energy company’s stock after acquiring an additional 10,239 shares during the quarter. Courier Capital LLC’s holdings in Cheniere Energy were worth $5,517,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Bank of New York Mellon Corp purchased a new position in shares of Cheniere Energy in the 2nd quarter worth about $502,015,000. Wellington Management Group LLP increased its position in shares of Cheniere Energy by 210.1% during the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock valued at $584,237,000 after purchasing an additional 1,656,194 shares during the last quarter. OMERS ADMINISTRATION Corp raised its holdings in shares of Cheniere Energy by 6,513.7% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company’s stock valued at $160,251,000 after buying an additional 556,203 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Cheniere Energy by 518.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock valued at $112,267,000 after buying an additional 484,198 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Cheniere Energy by 36.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,059,970 shares of the energy company’s stock valued at $205,997,000 after buying an additional 281,504 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LNG. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price target on the stock. Weiss Ratings upgraded shares of Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Argus set a $330.00 price objective on shares of Cheniere Energy in a report on Tuesday, August 18th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $336.00 price objective on shares of Cheniere Energy in a research note on Saturday. Finally, JPMorgan Chase & Co. increased their target price on shares of Cheniere Energy from $327.00 to $334.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $306.47.

Cheniere Energy Trading Up 1.6%

Shares of Cheniere Energy stock traded up $4.46 during midday trading on Tuesday, reaching $286.95. 1,056,607 shares of the company’s stock traded hands, compared to its average volume of 2,322,572. 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 $59.26 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.11 and a beta of 0.06. The stock has a 50 day moving average of $274.81 and a 200-day moving average of $260.88. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89.

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). The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. Cheniere Energy’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the company earned $7.30 earnings per share. As a group, equities analysts expect that Cheniere Energy, Inc. will post 16.76 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were issued a dividend of $0.5550 per share. The ex-dividend date was Monday, August 10th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is presently 16.53%.

About Cheniere Energy

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere’s principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.