Quantitative Investment Management LLC Takes Position in Cheniere Energy, Inc. $LNG

Quantitative Investment Management LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,365 shares of the energy company’s stock, valued at approximately $3,786,000.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. grew its stake in shares of Cheniere Energy by 27.6% in the 1st quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock valued at $301,804,000 after purchasing an additional 282,050 shares during the period. Thompson Davis & CO. Inc. bought a new stake in shares of Cheniere Energy in the 1st quarter valued at approximately $529,000. Kayne Anderson Capital Advisors LP grew 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 period. Fractal Investments LLC grew its position in Cheniere Energy by 27.7% during the 1st quarter. Fractal Investments LLC now owns 75,585 shares of the energy company’s stock worth $17,490,000 after acquiring an additional 16,385 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Cheniere Energy by 7.5% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company’s stock worth $5,439,000 after acquiring an additional 1,630 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Down 1.4%

Shares of LNG opened at $237.1930 on Friday. The firm has a market capitalization of $52.13 billion, a price-to-earnings ratio of 13.85 and a beta of 0.43. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The business’s fifty day moving average price is $234.76 and its two-hundred day moving average price is $229.10. Cheniere Energy, Inc. has a 52 week low of $175.14 and a 52 week high of $257.65.

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

Cheniere Energy Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Cowen restated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Wolfe Research lowered Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Barclays restated an “overweight” rating and set a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. TD Cowen increased their price target on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, JPMorgan Chase & Co. increased their price objective on Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, April 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $261.93.

Insider Buying and Selling at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the transaction, the director owned 29,733 shares of the company’s stock, valued at $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

About Cheniere Energy

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.