Lighthouse Investment Partners LLC Invests $9.40 Million in Cheniere Energy, Inc. $LNG

Lighthouse Investment Partners LLC purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 40,000 shares of the energy company’s stock, valued at approximately $9,399,000.

Other large investors have also made changes to their positions in the company. Dynamic Advisor Solutions LLC increased its holdings in Cheniere Energy by 1.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,268 shares of the energy company’s stock worth $768,000 after buying an additional 47 shares during the last quarter. Childress Capital Advisors LLC lifted its stake in Cheniere Energy by 0.9% in the third quarter. Childress Capital Advisors LLC now owns 5,385 shares of the energy company’s stock valued at $1,265,000 after acquiring an additional 47 shares during the last quarter. Ameriflex Group Inc. grew its position in Cheniere Energy by 7.3% in the third quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock worth $162,000 after acquiring an additional 47 shares in the last quarter. Howard Capital Management Inc. grew its position in Cheniere Energy by 3.3% in the third quarter. Howard Capital Management Inc. now owns 1,488 shares of the energy company’s stock worth $350,000 after acquiring an additional 48 shares in the last quarter. Finally, Titleist Asset Management LLC increased its stake in shares of Cheniere Energy by 1.5% during the 2nd quarter. Titleist Asset Management LLC now owns 3,309 shares of the energy company’s stock worth $806,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.6%

Shares of Cheniere Energy stock opened at $252.44 on Monday. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $259.24. The company’s fifty day simple moving average is $218.91 and its 200-day simple moving average is $217.23. The company has a market cap of $53.06 billion, a price-to-earnings ratio of 10.39 and a beta of 0.25. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.74.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, February 25th. The energy company reported $10.68 EPS for the quarter, beating the consensus estimate of $3.90 by $6.78. Cheniere Energy had a net margin of 26.68% and a return on equity of 32.04%. The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.48 billion. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.33 EPS. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy declared that its board has approved a stock repurchase plan on Thursday, February 26th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the energy company to buy up to 21.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 6th were paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, February 6th. Cheniere Energy’s dividend payout ratio (DPR) is presently 9.14%.

Wall Street Analysts Forecast Growth

LNG has been the topic of a number of recent research reports. BMO Capital Markets restated an “outperform” rating and set a $254.00 price target on shares of Cheniere Energy in a report on Wednesday, December 17th. Wolfe Research set a $220.00 target price on shares of Cheniere Energy and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. TD Cowen raised their target price on Cheniere Energy from $250.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 27th. Wells Fargo & Company reduced their price target on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Scotiabank upped their price target on Cheniere Energy from $266.00 to $285.00 and gave the stock a “sector outperform” rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $264.39.

Cheniere Energy 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.