Corient Private Wealth LP Raises Stock Holdings in Cheniere Energy, Inc. $LNG

Corient Private Wealth LP grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 13.2% in the second quarter, Holdings Channel reports. The institutional investor owned 44,571 shares of the energy company’s stock after acquiring an additional 5,198 shares during the quarter. Corient Private Wealth LP’s holdings in Cheniere Energy were worth $10,653,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Cheniere Energy in the 4th quarter worth $335,000. Bank of Nova Scotia lifted its holdings in Cheniere Energy by 13.3% during the second quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock valued at $2,149,000 after purchasing an additional 1,035 shares in the last quarter. Sei Investments Co. lifted its holdings in Cheniere Energy by 23.1% during the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after purchasing an additional 34,422 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of Cheniere Energy by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after purchasing an additional 805 shares during the period. Finally, Ieq Capital LLC grew its position in shares of Cheniere Energy by 87.0% in the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after purchasing an additional 16,977 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays upped their price target on shares of Cheniere Energy from $274.00 to $279.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Royal Bank Of Canada lifted their price objective on Cheniere Energy from $300.00 to $319.00 and gave the stock an “outperform” rating in a report on Monday, August 24th. TD Cowen raised their target price on Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. UBS Group set a $290.00 price target on Cheniere Energy in a research note on Wednesday, May 13th. Finally, Argus set a $330.00 price target on Cheniere Energy in a research report on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $304.35.

Cheniere Energy Stock Performance

NYSE LNG opened at $282.36 on Friday. 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 stock’s fifty day moving average is $260.25 and its two-hundred day moving average is $253.19. The firm has a market capitalization of $58.32 billion, a P/E ratio of 21.02 and a beta of -0.01. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89.

Cheniere Energy (NYSE:LNG) last issued its 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 return on equity of 29.80% and a net margin of 13.57%.The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same period last year, the business earned $7.30 earnings per share. The firm’s revenue was up 23.5% compared to the same quarter last year. On average, research analysts anticipate that Cheniere Energy, Inc. will post 16.36 earnings per share for the current year.

Cheniere Energy Dividend Announcement

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

Cheniere Energy 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.