Waverly Advisors LLC Grows Stock Position in Cheniere Energy, Inc. $LNG

Waverly Advisors LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 8.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,936 shares of the energy company’s stock after buying an additional 6,140 shares during the quarter. Waverly Advisors LLC’s holdings in Cheniere Energy were worth $18,867,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Financial Life Planners acquired a new stake in Cheniere Energy during the first quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Cheniere Energy in the 3rd quarter worth $27,000. Community Financial Services Group LLC purchased a new position in Cheniere Energy during the second quarter valued at $29,000. Strive Financial Group LLC purchased a new position in Cheniere Energy during the fourth quarter valued at $25,000. Finally, Transamerica Financial Advisors LLC grew its position in shares of Cheniere Energy by 91.3% in the second quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock valued at $32,000 after purchasing an additional 63 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on LNG. TD Cowen boosted their target price on shares of Cheniere Energy from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded Cheniere Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Finally, UBS Group restated a “buy” rating on shares of Cheniere Energy in a research report on Tuesday, September 1st. Two research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $304.35.

Cheniere Energy Trading Down 5.4%

NYSE LNG opened at $276.13 on Wednesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72. The stock has a market capitalization of $57.03 billion and a P/E ratio of 20.56. The firm’s 50-day moving average is $267.77 and its two-hundred day moving average is $256.94. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89.

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 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 company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter in the prior year, the business earned $7.30 earnings per share. Cheniere Energy’s revenue was up 23.5% on a year-over-year basis. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 16.36 earnings per share for the current year.

Cheniere Energy Announces Dividend

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

About Cheniere Energy

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.