Nissay Asset Management Corp Japan ADV Buys 114 Shares of Cheniere Energy, Inc. $LNG

Nissay Asset Management Corp Japan ADV boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.4% during the first quarter, Holdings Channel.com reports. The fund owned 27,119 shares of the energy company’s stock after acquiring an additional 114 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Cheniere Energy were worth $6,275,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in Cheniere Energy by 27.6% during the 1st quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock worth $301,804,000 after acquiring an additional 282,050 shares during the period. Thompson Davis & CO. Inc. bought a new position in shares of Cheniere Energy in the 1st quarter valued at $529,000. Kayne Anderson Capital Advisors LP increased its stake in shares of Cheniere Energy by 7.6% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company’s stock valued at $345,920,000 after purchasing an additional 105,875 shares during the last quarter. Fractal Investments LLC increased its stake in shares of Cheniere Energy by 27.7% in the 1st quarter. Fractal Investments LLC now owns 75,585 shares of the energy company’s stock valued at $17,490,000 after purchasing an additional 16,385 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Cheniere Energy by 7.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company’s stock valued at $5,439,000 after purchasing an additional 1,630 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LNG shares. Bank of America lifted their price target on Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Wells Fargo & Company lifted their price target on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the company a “buy” rating in a research note on Thursday, June 26th. Finally, Mizuho lifted their price target on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $263.29.

Cheniere Energy Trading Down 0.5%

NYSE LNG opened at $235.71 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a twelve month low of $175.14 and a twelve month high of $257.65. The company has a market cap of $51.80 billion, a price-to-earnings ratio of 13.76 and a beta of 0.43. The business’s fifty day moving average is $235.47 and its 200 day moving average is $230.81.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating the consensus estimate of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter last year, the business posted $3.84 EPS. Cheniere Energy’s revenue for the quarter was up 42.8% on a year-over-year basis. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is 11.68%.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.