Northwestern Mutual Wealth Management Co. Has $2.47 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Northwestern Mutual Wealth Management Co. grew its stake in Cheniere Energy, Inc. (NYSE:LNG) by 23.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 10,330 shares of the energy company’s stock after purchasing an additional 1,934 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cheniere Energy were worth $2,469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sovereign Financial Group Inc. bought a new position in shares of Cheniere Energy in the first quarter valued at $1,472,000. Thrivent Financial for Lutherans increased its holdings in Cheniere Energy by 17.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 76,812 shares of the energy company’s stock worth $14,930,000 after buying an additional 11,270 shares during the last quarter. Prudential PLC raised its position in Cheniere Energy by 2,313.7% during 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. Resona Asset Management Co. Ltd. lifted its stake in Cheniere Energy by 8.0% in the first quarter. Resona Asset Management Co. Ltd. now owns 71,413 shares of the energy company’s stock valued at $20,362,000 after acquiring an additional 5,277 shares during the last quarter. Finally, Norges Bank acquired a new stake in Cheniere Energy in the fourth quarter valued at $731,774,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LNG shares. Barclays boosted their price objective on shares of Cheniere Energy from $274.00 to $279.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. UBS Group restated a “buy” rating on shares of Cheniere Energy in a research note on Tuesday. Finally, Weiss Ratings raised Cheniere Energy from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $304.35.

Cheniere Energy Price Performance

Shares of LNG opened at $292.02 on Friday. The company’s 50-day moving average is $266.05 and its 200-day moving average is $255.80. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72. The firm has a market capitalization of $60.31 billion and a PE ratio of 21.74. 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 announced its earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). The company had revenue of $5.73 billion for 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%.The business’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm posted $7.30 EPS. Equities analysts forecast that Cheniere Energy, Inc. will post 16.36 EPS for the current year.

Cheniere Energy Announces Dividend

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

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.