Palogic Value Management L.P. Invests $825,000 in Cheniere Energy, Inc. $LNG

Palogic Value Management L.P. purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,450 shares of the energy company’s stock, valued at approximately $825,000.

A number of other large investors have also modified their holdings of LNG. California State Teachers Retirement System raised its stake in shares of Cheniere Energy by 26,965.4% in the second quarter. California State Teachers Retirement System now owns 102,611,534 shares of the energy company’s stock valued at $24,525,183,000 after acquiring an additional 102,232,409 shares in the last quarter. Norges Bank acquired a new position in Cheniere Energy during the 4th quarter worth $731,774,000. Bank of New York Mellon Corp acquired a new position in Cheniere Energy during the 2nd quarter worth $502,015,000. Wellington Management Group LLP increased its holdings in Cheniere Energy by 210.1% during the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock worth $584,237,000 after purchasing an additional 1,656,194 shares during the period. Finally, Marshall Wace LLP increased its holdings in Cheniere Energy by 555.0% during the 4th quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock worth $157,483,000 after purchasing an additional 686,459 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the subject of several recent research reports. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Argus set a $330.00 price objective on shares of Cheniere Energy in a research report on Tuesday, August 18th. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Finally, Barclays raised their price target on Cheniere Energy from $274.00 to $279.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $304.35.

Cheniere Energy Stock Up 0.1%

Shares of NYSE:LNG opened at $276.42 on Thursday. The company has a market capitalization of $57.09 billion and a PE ratio of 20.58. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The firm has a 50 day simple moving average of $268.43 and a 200-day simple moving average of $257.29.

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

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were given a dividend of $0.555 per share. The ex-dividend date was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy’s payout ratio is 16.53%.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.