SevenBridge Financial Group LLC Increases Stock Position in Cheniere Energy, Inc. $LNG

SevenBridge Financial Group LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 1,170.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,535 shares of the energy company’s stock after acquiring an additional 11,548 shares during the period. SevenBridge Financial Group LLC’s holdings in Cheniere Energy were worth $3,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Cheniere Energy in the 4th quarter valued at about $731,774,000. Marshall Wace LLP increased its position in Cheniere Energy by 555.0% during the fourth quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock worth $157,483,000 after buying an additional 686,459 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Cheniere Energy by 518.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock worth $112,267,000 after buying an additional 484,198 shares during the period. Vanguard Group Inc. lifted its stake in Cheniere Energy by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock valued at $4,124,870,000 after buying an additional 414,022 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in Cheniere Energy by 3,902.4% in the fourth quarter. Voloridge Investment Management LLC now owns 389,676 shares of the energy company’s stock valued at $75,749,000 after buying an additional 379,940 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $243.61 on Tuesday. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The company has a 50-day moving average price of $243.15 and a 200 day moving average price of $233.54. The company has a market cap of $51.05 billion and a P/E ratio of 40.07. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, May 6th. The energy company reported ($16.65) earnings per share (EPS) for the quarter, missing the consensus estimate of $4.25 by ($20.90). The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.69 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 EPS. Research analysts predict that Cheniere Energy, Inc. will post 14.93 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio is currently 36.51%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Cheniere Energy from $276.00 to $312.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. UBS Group set a $290.00 price target on shares of Cheniere Energy in a research report on Wednesday, May 13th. Weiss Ratings cut shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Royal Bank Of Canada raised their price objective on shares of Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. Finally, Citigroup lifted their price objective on shares of Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $297.71.

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.