Northwestern Mutual Wealth Management Co. Has $2.47 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Northwestern Mutual Wealth Management Co. raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 23.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,330 shares of the energy company’s stock after acquiring an additional 1,934 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Cheniere Energy were worth $2,469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Cheniere Energy by 2.8% during the fourth quarter. State Street Corp now owns 6,174,695 shares of the energy company’s stock worth $1,200,299,000 after buying an additional 167,622 shares during the last quarter. Norges Bank acquired a new position in Cheniere Energy during the fourth quarter valued at approximately $731,774,000. Wellington Management Group LLP grew its holdings in Cheniere Energy by 210.1% during the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock valued at $584,237,000 after purchasing an additional 1,656,194 shares during the period. Victory Capital Management Inc. increased its stake in Cheniere Energy by 12.5% in the fourth quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company’s stock valued at $443,031,000 after purchasing an additional 253,469 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Cheniere Energy by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,263,826 shares of the energy company’s stock valued at $440,047,000 after purchasing an additional 134,695 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $292.02 on Friday. 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 firm has a market cap of $60.31 billion and a price-to-earnings ratio of 21.74. The stock’s 50-day moving average is $266.05 and its 200-day moving average is $255.80. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $300.89.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%.The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the previous year, the business posted $7.30 earnings per share. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. Equities analysts predict that Cheniere Energy, Inc. will post 16.36 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy’s dividend payout ratio (DPR) is currently 16.53%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Cheniere Energy from $300.00 to $319.00 and gave the company an “outperform” rating in a report on Monday, August 24th. Weiss Ratings upgraded Cheniere Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. raised their target price on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price target on shares of Cheniere Energy in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and an average target price of $304.35.

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.