Verus Capital Partners LLC Has $381,000 Holdings in Cheniere Energy, Inc. $LNG

Verus Capital Partners LLC boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 21.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,564 shares of the energy company’s stock after purchasing an additional 277 shares during the quarter. Verus Capital Partners LLC’s holdings in Cheniere Energy were worth $381,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LNG. Vanguard Group Inc. increased its holdings in shares of Cheniere Energy by 0.3% during the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company’s stock worth $4,844,995,000 after purchasing an additional 54,801 shares during the period. Invesco Ltd. boosted its stake in shares of Cheniere Energy by 7.9% in the first quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company’s stock valued at $808,151,000 after buying an additional 255,140 shares during the period. Goldman Sachs Group Inc. grew its position in Cheniere Energy by 12.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company’s stock worth $737,149,000 after buying an additional 359,435 shares in the last quarter. Amundi increased its stake in Cheniere Energy by 0.3% during the 1st quarter. Amundi now owns 2,703,299 shares of the energy company’s stock worth $595,245,000 after acquiring an additional 7,297 shares during the period. Finally, Royal Bank of Canada increased its stake in Cheniere Energy by 25.7% during the 1st quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock worth $554,265,000 after acquiring an additional 488,994 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE:LNG opened at $213.77 on Thursday. 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 fifty-two week low of $188.70 and a fifty-two week high of $257.65. The company has a 50 day simple moving average of $225.98 and a two-hundred day simple moving average of $232.06. The company has a market capitalization of $46.01 billion, a PE ratio of 12.48, a P/E/G ratio of 6.08 and a beta of 0.36.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $2.00. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same quarter in the previous year, the business earned $3.93 earnings per share. Cheniere Energy’s revenue for the quarter was up 18.0% on a year-over-year basis. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th will be given a dividend of $0.555 per share. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, November 7th. This represents a $2.22 annualized dividend and a dividend yield of 1.0%. Cheniere Energy’s payout ratio is 12.37%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LNG. BMO Capital Markets initiated coverage on Cheniere Energy in a report on Friday, September 19th. They set an “outperform” rating and a $268.00 target price on the stock. Cowen reissued a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $275.00 target price on shares of Cheniere Energy in a report on Monday, November 3rd. Erste Group Bank downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday. Finally, TD Cowen boosted their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $268.73.

Insider Buying and Selling at Cheniere Energy

In related news, Director W Benjamin Moreland acquired 5,000 shares of the stock in a transaction dated Tuesday, November 4th. The stock was bought at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the purchase, the director directly owned 9,856 shares of the company’s stock, valued at $2,052,216.32. The trade was a 102.97% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is owned by corporate insiders.

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.