SCP Investment LP Increases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

SCP Investment LP raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 26.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,800 shares of the energy company’s stock after buying an additional 1,000 shares during the period. Cheniere Energy comprises approximately 0.7% of SCP Investment LP’s holdings, making the stock its 11th largest position. SCP Investment LP’s holdings in Cheniere Energy were worth $767,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in LNG. HHM Wealth Advisors LLC purchased a new stake in shares of Cheniere Energy in the 3rd quarter worth $25,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Cheniere Energy by 203.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after purchasing an additional 118 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Cheniere Energy in the 3rd quarter worth $40,000. Farmers & Merchants Investments Inc. increased its stake in shares of Cheniere Energy by 21.1% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock worth $57,000 after purchasing an additional 60 shares in the last quarter. Finally, Rational Advisors LLC purchased a new stake in shares of Cheniere Energy in the 3rd quarter worth $59,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LNG has been the subject of a number of analyst reports. Redburn Atlantic initiated coverage on Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price target for the company. Barclays increased their price target on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. TD Cowen cut their price target on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, UBS Group dropped their price objective on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $196.40.

Cheniere Energy Trading Up 0.5 %

Shares of NYSE:LNG traded up $0.75 during trading on Thursday, reaching $157.88. The company’s stock had a trading volume of 1,420,648 shares, compared to its average volume of 1,935,324. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. Cheniere Energy, Inc. has a 12 month low of $135.30 and a 12 month high of $183.46. The stock has a market cap of $36.42 billion, a PE ratio of 7.69 and a beta of 0.95. The company’s 50 day moving average price is $158.06.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Cheniere Energy had a return on equity of 48.95% and a net margin of 28.55%. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the company earned $6.89 earnings per share. The business’s revenue for the quarter was down 41.8% compared to the same quarter last year. Research analysts anticipate that Cheniere Energy, Inc. will post 8.4 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be issued a $0.435 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.10%. Cheniere Energy’s payout ratio is 8.48%.

Cheniere Energy Company 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.