Empowered Funds LLC Has $7.57 Million Stock Position in Cheniere Energy, Inc. $LNG

Empowered Funds LLC lowered its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 13.5% in the second quarter, HoldingsChannel reports. The firm owned 31,651 shares of the energy company’s stock after selling 4,920 shares during the period. Empowered Funds LLC’s holdings in Cheniere Energy were worth $7,565,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Equitable Holdings Inc. raised its stake in Cheniere Energy by 1.5% in the second quarter. Equitable Holdings Inc. now owns 9,083 shares of the energy company’s stock valued at $2,171,000 after buying an additional 133 shares during the period. Centaurus Financial Inc. boosted its stake in shares of Cheniere Energy by 28.8% during the 2nd quarter. Centaurus Financial Inc. now owns 813 shares of the energy company’s stock worth $194,000 after acquiring an additional 182 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Cheniere Energy by 0.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 93,619 shares of the energy company’s stock worth $22,376,000 after acquiring an additional 681 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Cheniere Energy during the 2nd quarter worth approximately $550,000. Finally, Redwood Investment Management LLC increased its holdings in shares of Cheniere Energy by 35.8% during the 2nd quarter. Redwood Investment Management LLC now owns 4,799 shares of the energy company’s stock worth $1,147,000 after acquiring an additional 1,264 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the subject of several research reports. Wall Street Zen raised Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Wolfe Research reiterated an “outperform” rating and issued a $300.00 price objective on shares of Cheniere Energy in a report on Tuesday, June 2nd. Morgan Stanley reissued an “overweight” rating and issued a $310.00 price objective on shares of Cheniere Energy in a research report on Friday, August 7th. UBS Group set a $290.00 target price on shares of Cheniere Energy in a research note on Wednesday, May 13th. Finally, Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research note on Tuesday, June 16th. They set a “market perform” rating and a $283.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $304.35.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $282.36 on Monday. The business’s 50 day moving average is $260.25 and its 200-day moving average is $253.45. The firm has a market cap of $58.32 billion, a P/E ratio of 21.02 and a beta of -0.01. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. 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 (NYSE:LNG) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The firm 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 business’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the company earned $7.30 earnings per share. Equities research analysts predict that Cheniere Energy, Inc. will post 16.36 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy’s payout ratio is presently 16.53%.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long?term and short?term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.