Knuff & Co LLC Acquires New Shares in Cheniere Energy, Inc. $LNG

Knuff & Co LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,074 shares of the energy company’s stock, valued at approximately $735,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNG. Strive Financial Group LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Cheniere Energy during the 4th quarter worth approximately $26,000. Financial Life Planners bought a new position in Cheniere Energy in the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $27,000. Finally, Community Financial Services Group LLC acquired a new position in shares of Cheniere Energy in the second quarter valued at approximately $29,000. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LNG. Wolfe Research restated an “outperform” rating and set a $300.00 price objective on shares of Cheniere Energy in a report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their target price on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Barclays increased their target price on Cheniere Energy from $274.00 to $279.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Argus set a $330.00 price target on Cheniere Energy in a research note on Tuesday. Finally, Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Two investment 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $301.56.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $274.10 on Thursday. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The company’s fifty day simple moving average is $253.64 and its 200-day simple moving average is $250.07. The firm has a market cap of $56.61 billion, a PE ratio of 20.41 and a beta of -0.01. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same period last year, the business posted $7.30 EPS. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. Equities research analysts expect that Cheniere Energy, Inc. will post 16.36 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were issued 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 dividend payout ratio (DPR) is presently 16.53%.

Cheniere Energy 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.