NEOS Investment Management LLC Buys 43,642 Shares of Cheniere Energy, Inc. $LNG

NEOS Investment Management LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 48.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 133,146 shares of the energy company’s stock after buying an additional 43,642 shares during the quarter. NEOS Investment Management LLC’s holdings in Cheniere Energy were worth $31,823,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp raised its stake in Cheniere Energy by 2.8% during the fourth quarter. State Street Corp now owns 6,174,695 shares of the energy company’s stock worth $1,200,299,000 after acquiring an additional 167,622 shares in the last quarter. Norges Bank bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $731,774,000. Wellington Management Group LLP grew its holdings in shares of Cheniere Energy by 210.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock worth $584,237,000 after purchasing an additional 1,656,194 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Cheniere Energy by 12.5% during the 4th quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company’s stock worth $443,031,000 after purchasing an additional 253,469 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Cheniere Energy by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,263,826 shares of the energy company’s stock valued at $440,047,000 after purchasing an additional 134,695 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LNG shares. JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. TD Cowen increased their price target on Cheniere Energy from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Barclays boosted their price objective on Cheniere Energy from $274.00 to $279.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, UBS Group restated a “buy” rating on shares of Cheniere Energy in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $304.35.

Cheniere Energy Stock Up 0.4%

Cheniere Energy stock opened at $292.02 on Friday. The firm has a market capitalization of $60.31 billion and a price-to-earnings ratio of 21.74. The company’s 50 day simple moving average is $266.05 and its 200 day simple 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. 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 quarterly 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). The business 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%.The firm’s revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the company earned $7.30 earnings per share. As a group, sell-side analysts anticipate 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. 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 was Monday, August 10th. Cheniere Energy’s dividend payout ratio is 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.