McCollum Christoferson Group LLC Makes New $18.69 Million Investment in Cheniere Energy, Inc. $LNG

McCollum Christoferson Group LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 69,479 shares of the energy company’s stock, valued at approximately $18,692,000. Cheniere Energy makes up approximately 2.8% of McCollum Christoferson Group LLC’s holdings, making the stock its 9th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Cheniere Energy during the 2nd quarter valued at about $502,015,000. Wellington Management Group LLP lifted its position in Cheniere Energy by 210.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock worth $584,237,000 after buying an additional 1,656,194 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its position in Cheniere Energy by 6,513.7% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company’s stock worth $160,251,000 after buying an additional 556,203 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Cheniere Energy by 518.8% in 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 in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Cheniere Energy by 36.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,059,970 shares of the energy company’s stock worth $205,997,000 after buying an additional 281,504 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 1.1%

Cheniere Energy stock traded up $3.20 during trading hours on Tuesday, reaching $285.69. The stock had a trading volume of 431,209 shares, compared to its average volume of 2,319,243. The stock has a market cap of $59.00 billion, a PE ratio of 21.28, a PEG ratio of 1.11 and a beta of 0.06. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. 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 company has a fifty day simple moving average of $274.81 and a 200-day simple moving average of $260.88.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The business’s revenue was up 23.5% on a year-over-year basis. During the same period last year, the company posted $7.30 earnings per share. Analysts forecast that Cheniere Energy, Inc. will post 16.76 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

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 $0.5550 dividend. The ex-dividend date was Monday, August 10th. This represents a $2.22 annualized dividend and a yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is 16.53%.

Analysts Set New Price Targets

LNG has been the topic of several research reports. Barclays lifted their price target on shares of Cheniere Energy from $279.00 to $287.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $336.00 price objective on shares of Cheniere Energy in a research note on Saturday. Weiss Ratings raised shares of Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. UBS Group reiterated a “buy” rating on shares of Cheniere Energy in a research report on Tuesday, September 1st. Finally, Argus set a $330.00 price target on shares of Cheniere Energy in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $306.47.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere’s principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.