New England Research & Management Inc. Makes New $411,000 Investment in Cheniere Energy, Inc. (NYSE:LNG)

New England Research & Management Inc. acquired a new position in Cheniere Energy, Inc. (NYSE:LNG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,350 shares of the energy company’s stock, valued at approximately $411,000.

Other institutional investors also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in shares of Cheniere Energy during the first quarter valued at approximately $26,000. Lynx Investment Advisory bought a new stake in Cheniere Energy in the 2nd quarter worth $27,000. Cooksen Wealth LLC purchased a new position in shares of Cheniere Energy in the fourth quarter valued at about $28,000. Riverview Trust Co purchased a new position in shares of Cheniere Energy in the first quarter valued at about $29,000. Finally, Scarborough Advisors LLC bought a new position in shares of Cheniere Energy during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the topic of several recent analyst reports. Sanford C. Bernstein began coverage on Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating on the stock. TD Cowen lifted their price objective on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Barclays upped their target price on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. UBS Group dropped their price target on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, Stifel Nicolaus boosted their price objective on shares of Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $199.09.

Cheniere Energy Stock Up 2.5 %

Shares of LNG stock traded up $4.30 during mid-day trading on Tuesday, reaching $176.54. 1,395,524 shares of the company’s stock traded hands, compared to its average volume of 1,890,226. The company’s 50-day moving average price is $169.66 and its 200-day moving average price is $163.67. The company has a market cap of $40.41 billion, a P/E ratio of 8.60 and a beta of 0.96. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $184.62.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The company’s revenue was down 41.8% on a year-over-year basis. During the same period last year, the business earned $6.89 earnings per share. On average, equities analysts expect that Cheniere Energy, Inc. will post 8.29 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

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

Cheniere Energy declared that its Board of Directors has initiated a share buyback plan on Monday, June 17th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the energy company to reacquire up to 9.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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.