Foresight Group Ltd Liability Partnership Takes Position in Cheniere Energy, Inc. $LNG

Foresight Group Ltd Liability Partnership purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the first quarter, Holdings Channel reports. The institutional investor purchased 11,460 shares of the energy company’s stock, valued at approximately $2,591,000.

A number of other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in Cheniere Energy in the fourth quarter valued at approximately $335,000. EP Wealth Advisors LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $273,000. Obermeyer Wealth Partners acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $218,000. OMERS ADMINISTRATION Corp increased its position in shares of Cheniere Energy by 19.0% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,982 shares of the energy company’s stock valued at $2,145,000 after buying an additional 1,595 shares in the last quarter. Finally, NorthRock Partners LLC acquired a new stake in Cheniere Energy during the 4th quarter worth $351,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Up 1.0%

Shares of Cheniere Energy stock opened at $236.81 on Thursday. The firm has a market cap of $52.04 billion, a PE ratio of 13.82 and a beta of 0.43. The business’s 50 day simple moving average is $235.17 and its 200 day simple moving average is $230.99. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a 52-week low of $175.14 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping the consensus estimate of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.48 billion. During the same period last year, the business earned $3.84 EPS. The business’s quarterly revenue was up 42.8% on a year-over-year basis. On average, analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 8th. Cheniere Energy’s payout ratio is presently 11.68%.

Wall Street Analyst Weigh In

LNG has been the subject of a number of research analyst reports. Bank of America boosted their target price on Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Mizuho boosted their price objective on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Wells Fargo & Company increased their target price on Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Finally, Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the company a “buy” rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $263.29.

Cheniere Energy 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.