Los Angeles Capital Management LLC Has $95.04 Million Stock Position in Cheniere Energy, Inc. $LNG

Los Angeles Capital Management LLC lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 31.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 390,289 shares of the energy company’s stock after selling 178,338 shares during the period. Los Angeles Capital Management LLC’s holdings in Cheniere Energy were worth $95,043,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its position in shares of Cheniere Energy by 27.6% during the first quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock worth $301,804,000 after buying an additional 282,050 shares during the period. Thompson Davis & CO. Inc. acquired a new position in Cheniere Energy during the 1st quarter worth approximately $529,000. Kayne Anderson Capital Advisors LP grew its stake in shares of Cheniere Energy by 7.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company’s stock worth $345,920,000 after acquiring an additional 105,875 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Cheniere Energy by 718.1% in the second quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock valued at $406,000 after purchasing an additional 1,465 shares during the last quarter. Finally, Fractal Investments LLC lifted its position in shares of Cheniere Energy by 27.7% in the first quarter. Fractal Investments LLC now owns 75,585 shares of the energy company’s stock worth $17,490,000 after purchasing an additional 16,385 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

NYSE:LNG opened at $207.83 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a fifty-two week low of $188.70 and a fifty-two week high of $257.65. The company has a market cap of $44.73 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 6.08 and a beta of 0.36. The stock has a fifty day moving average price of $227.67 and a 200-day moving average price of $232.43.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same period last year, the firm posted $3.93 earnings per share. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

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

Insider Activity

In other news, Director W Benjamin Moreland bought 5,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was purchased at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the transaction, the director owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LNG shares. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price target on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a report on Tuesday, August 12th. Jefferies Financial Group set a $290.00 price objective on shares of Cheniere Energy in a report on Thursday, October 30th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.