Railway Pension Investments Ltd Has $60.24 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Railway Pension Investments Ltd increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 373,500 shares of the energy company’s stock after purchasing an additional 7,600 shares during the quarter. Railway Pension Investments Ltd owned 0.16% of Cheniere Energy worth $60,238,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Crewe Advisors LLC bought a new position in shares of Cheniere Energy in the 1st quarter valued at $26,000. Cooksen Wealth LLC acquired a new position in Cheniere Energy during the fourth quarter worth $28,000. Riverview Trust Co acquired a new stake in shares of Cheniere Energy in the 1st quarter worth about $29,000. Scarborough Advisors LLC purchased a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $45,000. Finally, Eagle Bay Advisors LLC bought a new stake in shares of Cheniere Energy in the 1st quarter worth $50,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Down 1.8 %

NYSE:LNG traded down $3.21 during trading hours on Friday, hitting $176.55. The company had a trading volume of 1,926,616 shares, compared to its average volume of 1,543,313. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a 50-day moving average price of $169.35 and a 200 day moving average price of $163.65. The company has a market capitalization of $40.41 billion, a PE ratio of 8.60 and a beta of 0.96. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $184.62.

Cheniere Energy (NYSE:LNG) last announced its earnings results 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 net margin of 28.55% and a return on equity of 48.19%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm posted $6.89 EPS. The company’s revenue for the quarter was down 41.8% on a year-over-year basis. On average, equities research analysts predict that Cheniere Energy, Inc. will post 8.29 EPS for the current fiscal year.

Cheniere Energy announced that its Board of Directors has authorized a share buyback program on Monday, June 17th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the energy company to buy up to 9.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 9th will be given a dividend of $0.435 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.74 annualized dividend and a dividend yield of 0.99%. Cheniere Energy’s dividend payout ratio is presently 8.48%.

Wall Street Analyst Weigh In

LNG has been the topic of a number of recent analyst reports. TD Cowen lifted their target price on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating for the company. Redburn Atlantic started coverage on Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 target price for the company. Finally, Stifel Nicolaus raised their price objective on Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus target price of $199.09.

About Cheniere Energy

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.