UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 239,680 Shares of Cheniere Energy, Inc. $LNG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 12.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,135,088 shares of the energy company’s stock after buying an additional 239,680 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.03% of Cheniere Energy worth $510,307,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in Cheniere Energy in the fourth quarter worth about $335,000. Bank of Nova Scotia grew its position in shares of Cheniere Energy by 13.3% during the 2nd quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock valued at $2,149,000 after acquiring an additional 1,035 shares during the period. Sei Investments Co. increased its stake in shares of Cheniere Energy by 23.1% during the 2nd quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock worth $44,600,000 after purchasing an additional 34,422 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of Cheniere Energy by 0.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock worth $25,092,000 after purchasing an additional 805 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in shares of Cheniere Energy by 87.0% in the 2nd quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock worth $8,889,000 after purchasing an additional 16,977 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 0.0%

LNG opened at $282.36 on Monday. The company has a 50 day moving average of $260.25 and a 200 day moving average of $253.45. The company has a market cap of $58.32 billion, a PE ratio of 21.02 and a beta of -0.01. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month 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 earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.30 EPS. On average, sell-side analysts expect that Cheniere Energy, Inc. will post 16.36 EPS for the current year.

Cheniere Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on LNG. Barclays upped their price objective on Cheniere Energy from $274.00 to $279.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Argus set a $330.00 price target on Cheniere Energy in a research report on Tuesday, August 18th. Morgan Stanley reiterated an “overweight” rating and set a $310.00 price target on shares of Cheniere Energy in a research note on Friday, August 7th. Finally, Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.35.

Cheniere Energy Company Profile

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.