Engineers Gate Manager LP Raises Stock Holdings in Cheniere Energy, Inc. $LNG

Engineers Gate Manager LP raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 1,187.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 153,062 shares of the energy company’s stock after purchasing an additional 141,173 shares during the period. Cheniere Energy comprises 0.5% of Engineers Gate Manager LP’s holdings, making the stock its 29th largest position. Engineers Gate Manager LP’s holdings in Cheniere Energy were worth $36,583,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. California State Teachers Retirement System raised its position in Cheniere Energy by 26,965.4% during the second quarter. California State Teachers Retirement System now owns 102,611,534 shares of the energy company’s stock worth $24,525,183,000 after acquiring an additional 102,232,409 shares during the period. Norges Bank acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at about $731,774,000. Bank of New York Mellon Corp purchased a new stake in shares of Cheniere Energy during the second quarter worth about $502,015,000. Wellington Management Group LLP increased its stake in shares of Cheniere Energy by 210.1% during the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock worth $584,237,000 after purchasing an additional 1,656,194 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Cheniere Energy by 555.0% during the 4th quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock worth $157,483,000 after purchasing an additional 686,459 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

NYSE LNG opened at $276.42 on Thursday. The stock’s fifty day moving average is $268.43 and its two-hundred day moving average is $257.29. The firm has a market capitalization of $57.09 billion and a P/E ratio of 20.58. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (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 company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the previous year, the company earned $7.30 earnings per share. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, research analysts anticipate that Cheniere Energy, Inc. will post 16.36 earnings per share for the current year.

Cheniere Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LNG. Argus set a $330.00 price objective on Cheniere Energy in a report on Tuesday, August 18th. Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Wolfe Research reiterated an “outperform” rating and set a $300.00 price target on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. increased their price objective on Cheniere Energy from $327.00 to $334.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $304.35.

About Cheniere Energy

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.