CX Institutional Has $1.32 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

CX Institutional lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,554 shares of the energy company’s stock after buying an additional 222 shares during the quarter. CX Institutional’s holdings in Cheniere Energy were worth $1,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Lynx Investment Advisory acquired a new stake in shares of Cheniere Energy in the second quarter worth $27,000. Crewe Advisors LLC acquired a new stake in shares of Cheniere Energy in the first quarter worth $26,000. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter worth $28,000. Riverview Trust Co acquired a new stake in shares of Cheniere Energy in the first quarter worth $29,000. Finally, Scarborough Advisors LLC acquired a new position in Cheniere Energy during the 4th quarter valued at $45,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of LNG traded up $1.28 during trading hours on Friday, hitting $181.58. The stock had a trading volume of 78,857 shares, compared to its average volume of 1,882,057. The company’s fifty day moving average is $171.04 and its two-hundred day moving average is $163.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.98 and a quick ratio of 0.92. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $184.62. The stock has a market capitalization of $41.57 billion, a price-to-earnings ratio of 8.81 and a beta of 0.96.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $1.71 by $2.13. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the prior year, the firm earned $5.61 EPS. The firm’s quarterly revenue was down 19.6% compared to the same quarter last year. On average, analysts anticipate that Cheniere Energy, Inc. will post 8.29 EPS for the current year.

Cheniere Energy announced that its Board of Directors has approved a share repurchase program on Monday, June 17th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the energy company to reacquire up to 9.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, August 9th. Cheniere Energy’s dividend payout ratio is currently 8.48%.

Analyst Upgrades and Downgrades

LNG has been the subject of several research analyst reports. UBS Group cut their target price on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. TD Cowen upped their target price on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Redburn Atlantic initiated coverage on shares of Cheniere Energy in a research note on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price for the company. Stifel Nicolaus cut their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday. Finally, Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating for the company. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $196.40.

Cheniere Energy 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.