Investment Research Partners LLC Acquires Shares of 1,889 Cheniere Energy, Inc. $LNG

Investment Research Partners LLC bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,889 shares of the energy company’s stock, valued at approximately $444,000.

Several other institutional investors have also modified their holdings of the business. Salomon & Ludwin LLC acquired a new stake in Cheniere Energy during the 3rd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Cheniere Energy during the 3rd quarter worth approximately $27,000. Hazlett Burt & Watson Inc. raised its position in shares of Cheniere Energy by 250.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Armstrong Advisory Group Inc. raised its position in shares of Cheniere Energy by 47.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock valued at $36,000 after purchasing an additional 50 shares in the last quarter. Finally, Rakuten Investment Management Inc. purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $266.49 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $56.02 billion, a price-to-earnings ratio of 10.97 and a beta of 0.25. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $267.25. The business has a 50 day simple moving average of $222.52 and a 200-day simple moving average of $217.71.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Wednesday, February 25th. The energy company reported $10.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.90 by $6.78. The firm had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Cheniere Energy had a return on equity of 32.04% and a net margin of 26.68%.The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period last year, the business posted $4.33 earnings per share. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

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

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 6th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, February 6th. Cheniere Energy’s dividend payout ratio (DPR) is presently 9.14%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LNG shares. Weiss Ratings downgraded shares of Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Morgan Stanley set a $236.00 price target on shares of Cheniere Energy and gave the company an “equal weight” rating in a report on Tuesday, February 24th. BMO Capital Markets reiterated an “outperform” rating and set a $254.00 price objective on shares of Cheniere Energy in a research note on Wednesday, December 17th. Bank of America decreased their price objective on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Finally, Barclays boosted their target price on shares of Cheniere Energy from $259.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $264.94.

About Cheniere Energy

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.