Bornite Capital Management LP Has $38.97 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Bornite Capital Management LP raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 176.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 163,060 shares of the energy company’s stock after acquiring an additional 104,160 shares during the quarter. Cheniere Energy comprises 4.9% of Bornite Capital Management LP’s holdings, making the stock its 10th biggest holding. Bornite Capital Management LP’s holdings in Cheniere Energy were worth $38,973,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LNG. Norges Bank acquired a new position in shares of Cheniere Energy during the 4th quarter worth about $731,774,000. Bank of New York Mellon Corp acquired a new stake in shares of Cheniere Energy in the second quarter valued at about $502,015,000. Wellington Management Group LLP increased its position in shares of Cheniere Energy by 210.1% in the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock valued at $584,237,000 after acquiring an additional 1,656,194 shares during the last quarter. Marshall Wace LLP raised its holdings in Cheniere Energy by 555.0% during the fourth quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock worth $157,483,000 after acquiring an additional 686,459 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp raised its holdings in Cheniere Energy by 6,513.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company’s stock worth $160,251,000 after acquiring an additional 556,203 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LNG has been the subject of a number of analyst reports. Weiss Ratings upgraded Cheniere Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Wolfe Research reissued an “outperform” rating and issued a $300.00 price objective on shares of Cheniere Energy in a report on Tuesday, June 2nd. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Benchmark restated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $304.35.

Cheniere Energy Stock Up 0.8%

LNG opened at $293.98 on Wednesday. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The stock’s fifty day simple moving average is $262.66 and its 200 day simple moving average is $254.50. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. The stock has a market cap of $60.72 billion and a PE ratio of 21.89.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%.The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same period last year, the firm earned $7.30 earnings per share. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, research analysts expect that Cheniere Energy, Inc. will post 16.36 earnings per share for the current year.

Cheniere Energy Announces Dividend

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

Key Headlines Impacting Cheniere Energy

Here are the key news stories impacting Cheniere Energy this week:

• Positive Sentiment: Major capacity expansion completed: Cheniere received the seventh and final liquefaction train from contractor Bechtel. The project adds more than 10 million tonnes per annum (mtpa) of LNG capacity, raising the company’s total production capacity to approximately 56 mtpa—an increase of more than 20%. The additional capacity should support higher future volumes and strengthen Cheniere’s long-term growth outlook. Cheniere completes CCL Stage 3 liquefaction project in Texas
• Positive Sentiment: Expanded global LNG reach and operating milestone: Alongside the project completion, Cheniere produced and exported its 5,000th LNG cargo from the U.S. Gulf Coast. The milestone highlights the scale of its export platform and may reinforce investor confidence in the company’s ability to serve international LNG demand. Cheniere exports 5,000th LNG cargo
• Positive Sentiment: Direct market reaction was favorable: Reports attributed the stock’s rise to the Texas expansion announcement, with the completed project viewed as improving Cheniere’s production outlook and increasing its ability to generate revenue from LNG exports. Cheniere Energy shares rise after Texas LNG expansion completion

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.