Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,720 shares of the energy company’s stock after acquiring an additional 1,795 shares during the period. Stokes Capital Advisors LLC’s holdings in Cheniere Energy were worth $5,021,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LNG. Daiwa Securities Group Inc. raised its position in Cheniere Energy by 27.1% in the first quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock worth $4,715,000 after purchasing an additional 6,235 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Cheniere Energy during the fourth quarter worth about $852,000. Mackenzie Financial Corp raised its holdings in Cheniere Energy by 28.9% during the fourth quarter. Mackenzie Financial Corp now owns 198,555 shares of the energy company’s stock worth $33,895,000 after acquiring an additional 44,508 shares in the last quarter. Sei Investments Co. lifted its stake in Cheniere Energy by 6.7% in the 1st quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock valued at $30,198,000 after purchasing an additional 11,800 shares during the last quarter. Finally, Investment House LLC bought a new position in shares of Cheniere Energy in the fourth quarter valued at about $854,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analysts Set New Price Targets

LNG has been the topic of a number of recent research reports. Barclays lifted their price target on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating on the stock. Stifel Nicolaus lowered their price target 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, August 9th. TD Cowen boosted their price target on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Finally, JPMorgan Chase & Co. boosted their target price on Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.40.

Cheniere Energy Stock Up 0.2 %

NYSE:LNG traded up $0.34 during midday trading on Friday, hitting $184.98. 1,397,557 shares of the company were exchanged, compared to its average volume of 1,872,548. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $42.34 billion, a PE ratio of 9.01 and a beta of 0.96. The company has a fifty day simple moving average of $173.89 and a 200 day simple moving average of $164.63. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $185.81.

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

Cheniere Energy declared that its Board of Directors has authorized a stock buyback plan on Monday, June 17th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the energy company to reacquire up to 9.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were issued a $0.435 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.74 annualized dividend and a yield of 0.94%. Cheniere Energy’s dividend payout ratio is presently 8.48%.

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.