Palogic Value Management L.P. Invests $825,000 in Cheniere Energy, Inc. $LNG

Palogic Value Management L.P. purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 3,450 shares of the energy company’s stock, valued at approximately $825,000.

A number of other large investors have also recently bought and sold shares of the business. First Horizon Corp increased its stake in Cheniere Energy by 7.7% in the first quarter. First Horizon Corp now owns 517 shares of the energy company’s stock valued at $147,000 after purchasing an additional 37 shares during the period. Signal Advisors Wealth LLC boosted its stake in shares of Cheniere Energy by 2.9% during the first quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock worth $425,000 after buying an additional 42 shares during the period. Independence Bank of Kentucky boosted its stake in shares of Cheniere Energy by 6.8% during the first quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock worth $206,000 after buying an additional 46 shares during the period. Optiver Holding B.V. boosted its stake in shares of Cheniere Energy by 54.5% during the first quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock worth $39,000 after buying an additional 48 shares during the period. Finally, AlTi Global Inc. grew its holdings in shares of Cheniere Energy by 1.5% during the first quarter. AlTi Global Inc. now owns 3,318 shares of the energy company’s stock worth $942,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $276.42 on Thursday. The stock has a fifty day moving average price of $268.43 and a 200 day moving average price of $257.29. 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 has a market cap of $57.09 billion and a PE ratio of 20.58. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same period last year, the company posted $7.30 EPS. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. Sell-side analysts forecast that Cheniere Energy, Inc. will post 16.36 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently disclosed 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 was Monday, August 10th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy’s payout ratio is currently 16.53%.

Analysts Set New Price Targets

Several analysts have commented on the company. Weiss Ratings raised Cheniere Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. UBS Group restated a “buy” rating on shares of Cheniere Energy in a research report on Tuesday, September 1st. Wolfe Research restated an “outperform” rating and issued a $300.00 price objective on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Sanford C. Bernstein started coverage on Cheniere Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price target for the company. Finally, Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.35.

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.