3,450 Shares in Cheniere Energy, Inc. $LNG Acquired by Palogic Value Management L.P.

Palogic Value Management L.P. bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,450 shares of the energy company’s stock, valued at approximately $825,000.

Several other hedge funds have also recently added to or reduced their stakes in LNG. Financial Life Planners acquired a new stake in shares of Cheniere Energy during the first quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Cheniere Energy in the third quarter valued at $27,000. Community Financial Services Group LLC acquired a new position in Cheniere Energy in the second quarter valued at $29,000. Strive Financial Group LLC bought a new stake in Cheniere Energy during the fourth quarter valued at $25,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy during the fourth quarter valued at $26,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $283.71 on Thursday. The firm’s 50-day moving average price is $258.09 and its 200-day moving average price is $252.51. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The firm has a market capitalization of $58.59 billion, a P/E ratio of 21.13 and a beta of -0.01. 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 issued its earnings results on Thursday, August 6th. The energy company reported $3.02 EPS 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 firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same quarter in the prior year, the business earned $7.30 earnings per share. The business’s quarterly revenue was up 23.5% on a year-over-year basis. Equities research analysts anticipate that Cheniere Energy, Inc. will post 16.36 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were issued a $0.555 dividend. The ex-dividend date was Monday, August 10th. This represents a $2.22 annualized dividend and a yield of 0.8%. Cheniere Energy’s dividend payout ratio is presently 16.53%.

Analysts Set New Price Targets

Several research firms have recently weighed in on LNG. Sanford C. Bernstein assumed coverage on Cheniere Energy in a research report on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price objective for the company. Morgan Stanley restated an “overweight” rating and set a $310.00 target price on shares of Cheniere Energy in a research report on Friday, August 7th. UBS Group set a $290.00 target price on Cheniere Energy in a research note on Wednesday, May 13th. Royal Bank Of Canada boosted their price target on Cheniere Energy from $300.00 to $319.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Weiss Ratings upgraded Cheniere Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and an average price target of $302.61.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long?term and short?term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.