Tidal Investments LLC Acquires 18,275 Shares of Cheniere Energy, Inc. $LNG

Tidal Investments LLC raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 65.6% in the second quarter, Holdings Channel.com reports. The firm owned 46,113 shares of the energy company’s stock after buying an additional 18,275 shares during the period. Tidal Investments LLC’s holdings in Cheniere Energy were worth $11,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNG. First Horizon Corp raised its position in Cheniere Energy by 7.7% in the 1st quarter. First Horizon Corp now owns 517 shares of the energy company’s stock valued at $147,000 after buying an additional 37 shares during the last quarter. Signal Advisors Wealth LLC boosted its holdings in Cheniere Energy by 2.9% during the 1st quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock worth $425,000 after acquiring an additional 42 shares during the last quarter. Independence Bank of Kentucky boosted its holdings in Cheniere Energy by 6.8% during the 1st quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock worth $206,000 after acquiring an additional 46 shares during the last quarter. Optiver Holding B.V. grew its stake in shares of Cheniere Energy by 54.5% in the 1st quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock worth $39,000 after acquiring an additional 48 shares in the last quarter. Finally, AlTi Global Inc. grew its stake in shares of Cheniere Energy by 1.5% in the 1st quarter. AlTi Global Inc. now owns 3,318 shares of the energy company’s stock worth $942,000 after acquiring an additional 50 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $278.37 on Friday. The firm’s 50 day moving average is $269.73 and its 200 day moving average is $257.80. The stock has a market capitalization of $57.49 billion and a P/E ratio of 20.73. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. 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 (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share 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 analysts’ expectations of $4.92 billion. During the same quarter last year, the firm posted $7.30 earnings per share. Cheniere Energy’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 16.31 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders 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 annualized dividend and a yield of 0.8%. Cheniere Energy’s payout ratio is presently 16.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Scotiabank lifted their target price on shares of Cheniere Energy from $290.00 to $312.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank Of Canada upped their target price on Cheniere Energy from $300.00 to $319.00 and gave the company an “outperform” rating in a report on Monday, August 24th. Wolfe Research reaffirmed an “outperform” rating and set a $300.00 price target on shares of Cheniere Energy in a research report on Tuesday, June 2nd. TD Cowen lifted their price target on Cheniere Energy from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Finally, Barclays boosted their price objective on Cheniere Energy from $274.00 to $279.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $305.65.

About Cheniere Energy

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.