Groupe la Francaise Acquires Shares of 18,805 Cheniere Energy, Inc. $LNG

Groupe la Francaise bought a new position in Cheniere Energy, Inc. (NYSE:LNG) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 18,805 shares of the energy company’s stock, valued at approximately $4,500,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Horizon Corp grew its holdings in shares of Cheniere Energy by 7.7% during the first quarter. First Horizon Corp now owns 517 shares of the energy company’s stock valued at $147,000 after buying an additional 37 shares during the last quarter. Signal Advisors Wealth LLC raised its stake in Cheniere Energy by 2.9% in the 1st quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock worth $425,000 after acquiring an additional 42 shares during the last quarter. Independence Bank of Kentucky raised its stake in Cheniere Energy by 6.8% in the 1st quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock worth $206,000 after acquiring an additional 46 shares during the last quarter. Optiver Holding B.V. lifted its position in Cheniere Energy by 54.5% during the 1st quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock worth $39,000 after acquiring an additional 48 shares during the period. Finally, Quest Investment Management LLC lifted its position in Cheniere Energy by 6.1% during the 3rd quarter. Quest Investment Management LLC now owns 875 shares of the energy company’s stock worth $206,000 after acquiring an additional 50 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 0.0%

LNG stock opened at $292.02 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 quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97. The firm has a market cap of $60.31 billion and a P/E ratio of 21.74. The company’s 50-day simple moving average is $267.02 and its 200-day simple moving average is $256.57.

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

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy’s dividend payout ratio (DPR) is presently 16.53%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LNG shares. Sanford C. Bernstein assumed coverage on Cheniere Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price objective on the stock. Royal Bank Of Canada increased their price target on shares of Cheniere Energy from $300.00 to $319.00 and gave the stock an “outperform” rating in a report on Monday, August 24th. JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Morgan Stanley restated an “overweight” rating and set a $310.00 price objective on shares of Cheniere Energy in a research note on Friday, August 7th. Finally, UBS Group reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Tuesday, September 1st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and an average price target of $304.35.

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.