Clough Capital Partners L P Has $11.10 Million Stock Position in Cheniere Energy, Inc. $LNG

Clough Capital Partners L P boosted its position in Cheniere Energy, Inc. (NYSE:LNG) by 8.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,230 shares of the energy company’s stock after acquiring an additional 3,680 shares during the period. Clough Capital Partners L P’s holdings in Cheniere Energy were worth $11,098,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LNG. Clark Capital Management Group Inc. increased its holdings in shares of Cheniere Energy by 40.1% during the third quarter. Clark Capital Management Group Inc. now owns 180,809 shares of the energy company’s stock valued at $42,487,000 after acquiring an additional 51,785 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Cheniere Energy by 21.1% in the 3rd quarter. Bank of Nova Scotia now owns 10,684 shares of the energy company’s stock worth $2,511,000 after acquiring an additional 1,859 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter worth about $17,185,000. 1858 Wealth Management LLC bought a new position in Cheniere Energy in the 3rd quarter valued at about $217,000. Finally, Ameriprise Financial Inc. lifted its position in Cheniere Energy by 1.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 379,627 shares of the energy company’s stock valued at $89,087,000 after acquiring an additional 6,966 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $252.44 on Friday. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $259.24. The company’s 50 day moving average price is $218.91 and its two-hundred day moving average price is $217.40. The stock has a market cap of $53.06 billion, a P/E ratio of 10.39 and a beta of 0.25. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.74.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, February 25th. The energy company reported $10.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.90 by $6.78. The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.48 billion. Cheniere Energy had a return on equity of 32.04% and a net margin of 26.68%.Cheniere Energy’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.33 earnings per share. On average, equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 6th were paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, February 6th. Cheniere Energy’s dividend payout ratio is 9.14%.

Cheniere Energy declared that its Board of Directors has authorized a share buyback program on Thursday, February 26th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the energy company to purchase up to 21.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have commented on the company. Scotiabank boosted their price objective on Cheniere Energy from $266.00 to $285.00 and gave the stock a “sector outperform” rating in a report on Thursday, March 5th. Wolfe Research set a $220.00 target price on Cheniere Energy and gave the company an “outperform” rating in a report on Wednesday, January 14th. Royal Bank Of Canada cut their target price on Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Barclays upped their price target on Cheniere Energy from $259.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Bank of America lowered their price target on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $264.39.

Cheniere Energy Company 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.