The Manufacturers Life Insurance Company Has $629.50 Million Stake in Cheniere Energy, Inc. $LNG

The Manufacturers Life Insurance Company lowered its position in Cheniere Energy, Inc. (NYSE:LNG) by 28.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,633,763 shares of the energy company’s stock after selling 1,056,172 shares during the period. The Manufacturers Life Insurance Company’s holdings in Cheniere Energy were worth $629,497,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LNG. Palogic Value Management L.P. acquired a new position in shares of Cheniere Energy in the 2nd quarter worth approximately $825,000. Sequoia Financial Advisors LLC increased its holdings in Cheniere Energy by 4.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 150,826 shares of the energy company’s stock valued at $36,049,000 after purchasing an additional 6,366 shares in the last quarter. Tidal Investments LLC raised its position in Cheniere Energy by 65.6% in the 2nd quarter. Tidal Investments LLC now owns 46,113 shares of the energy company’s stock valued at $11,021,000 after purchasing an additional 18,275 shares during the last quarter. WINTON GROUP Ltd bought a new position in Cheniere Energy in the 2nd quarter valued at $545,000. Finally, Engineers Gate Manager LP boosted its stake in Cheniere Energy by 1,187.4% in the second quarter. Engineers Gate Manager LP now owns 153,062 shares of the energy company’s stock worth $36,583,000 after purchasing an additional 141,173 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 0.9%

Shares of LNG opened at $278.35 on Friday. The business’s fifty day moving average price is $269.08 and its two-hundred day moving average price is $257.66. The firm has a market capitalization of $57.49 billion and a price-to-earnings ratio of 20.73. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share 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 firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the previous year, the firm earned $7.30 EPS. The company’s revenue was up 23.5% compared to the same quarter last year. On average, analysts predict that Cheniere Energy, Inc. will post 16.31 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 $0.555 dividend. 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 (DPR) is presently 16.53%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LNG shares. Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Argus set a $330.00 price target on shares of Cheniere Energy in a research report on Tuesday, August 18th. Morgan Stanley reissued an “overweight” rating and set a $310.00 price objective on shares of Cheniere Energy in a report on Friday, August 7th. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price objective on the stock. Finally, Royal Bank Of Canada raised their price objective on shares of Cheniere Energy from $300.00 to $319.00 and gave the company an “outperform” rating in a research report on Monday, August 24th. Two investment 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. Based on data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and a consensus price target of $305.65.

Cheniere Energy Profile

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.