Hussman Strategic Advisors Inc. Purchases Shares of 10,500 Cheniere Energy, Inc. $LNG

Hussman Strategic Advisors Inc. purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the second quarter, HoldingsChannel.com reports. The fund purchased 10,500 shares of the energy company’s stock, valued at approximately $2,557,000.

Several other large investors have also modified their holdings of the company. Altman Advisors Inc. grew its stake in Cheniere Energy by 0.4% in the 1st quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company’s stock valued at $2,348,000 after buying an additional 43 shares during the last quarter. Greenleaf Trust boosted its holdings in Cheniere Energy by 1.1% during the first quarter. Greenleaf Trust now owns 4,212 shares of the energy company’s stock valued at $975,000 after acquiring an additional 46 shares during the period. Hemington Wealth Management boosted its holdings in Cheniere Energy by 14.0% during the first quarter. Hemington Wealth Management now owns 390 shares of the energy company’s stock valued at $90,000 after acquiring an additional 48 shares during the period. Brooklyn Investment Group grew its position in shares of Cheniere Energy by 5.0% in the first quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company’s stock valued at $233,000 after purchasing an additional 48 shares during the last quarter. Finally, Fielder Capital Group LLC increased its stake in shares of Cheniere Energy by 1.8% in the second quarter. Fielder Capital Group LLC now owns 2,964 shares of the energy company’s stock worth $722,000 after purchasing an additional 51 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

NYSE LNG opened at $209.63 on Tuesday. Cheniere Energy, Inc. has a twelve month low of $185.43 and a twelve month high of $257.65. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The stock has a market cap of $46.07 billion, a P/E ratio of 12.24, a PEG ratio of 6.08 and a beta of 0.37. The company’s 50-day simple moving average is $230.43 and its 200 day simple moving average is $233.08.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 30th. The energy company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same period in the previous year, the business earned $3.93 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. As a group, research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Friday, November 7th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $2.22 annualized dividend and a yield of 1.1%. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s payout ratio is presently 12.37%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LNG shares. Raymond James Financial reissued a “strong-buy” rating and set a $278.00 price objective (up previously from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. BMO Capital Markets initiated coverage on Cheniere Energy in a research report on Friday, September 19th. They issued an “outperform” rating and a $268.00 price target on the stock. Jefferies Financial Group set a $290.00 price target on Cheniere Energy in a report on Thursday. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company increased their target price on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $268.73.

Cheniere Energy Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.