Cheniere Energy, Inc. $LNG Shares Bought by Waverly Advisors LLC

Waverly Advisors LLC grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,936 shares of the energy company’s stock after purchasing an additional 6,140 shares during the period. Waverly Advisors LLC’s holdings in Cheniere Energy were worth $18,867,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. California State Teachers Retirement System boosted its stake in shares of Cheniere Energy by 26,965.4% in the second quarter. California State Teachers Retirement System now owns 102,611,534 shares of the energy company’s stock valued at $24,525,183,000 after purchasing an additional 102,232,409 shares during the period. State Street Corp lifted its holdings in Cheniere Energy by 2.8% during the 4th quarter. State Street Corp now owns 6,174,695 shares of the energy company’s stock worth $1,200,299,000 after buying an additional 167,622 shares in the last quarter. Norges Bank acquired a new stake in Cheniere Energy during the 4th quarter worth approximately $731,774,000. Wellington Management Group LLP boosted its position in 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 valued at $584,237,000 after buying an additional 1,656,194 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Cheniere Energy by 12.5% in the fourth quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company’s stock worth $443,031,000 after acquiring an additional 253,469 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on LNG shares. Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Wall Street Zen raised Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Sanford C. Bernstein initiated coverage on Cheniere Energy in a report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price target on the stock. UBS Group reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Tuesday, September 1st. Finally, Weiss Ratings upgraded Cheniere Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $304.35.

Cheniere Energy Stock Down 5.4%

LNG stock opened at $276.13 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The company’s 50 day moving average is $267.77 and its two-hundred day moving average is $256.94. The stock has a market cap of $57.03 billion and a P/E ratio of 20.56.

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 the consensus estimate of $3.11 by ($0.09). The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.30 EPS. Research analysts expect that Cheniere Energy, Inc. will post 16.36 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Investors 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 dividend on an annualized basis and a yield of 0.8%. Cheniere Energy’s payout ratio is 16.53%.

About Cheniere Energy

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.