Holocene Advisors LP Acquires 19,722 Shares of Cheniere Energy, Inc. $LNG

Holocene Advisors LP grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 460,422 shares of the energy company’s stock after buying an additional 19,722 shares during the period. Holocene Advisors LP’s holdings in Cheniere Energy were worth $108,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Focus Partners Wealth lifted its stake in Cheniere Energy by 2.0% in the third quarter. Focus Partners Wealth now owns 68,756 shares of the energy company’s stock worth $16,102,000 after acquiring an additional 1,355 shares during the period. Delta Global Management LP purchased a new position in Cheniere Energy during the 3rd quarter valued at $2,432,000. Clough Capital Partners L P increased its position in Cheniere Energy by 8.5% during the 3rd quarter. Clough Capital Partners L P now owns 47,230 shares of the energy company’s stock valued at $11,098,000 after purchasing an additional 3,680 shares during the period. Clark Capital Management Group Inc. raised its holdings in Cheniere Energy by 40.1% in the 3rd quarter. Clark Capital Management Group Inc. now owns 180,809 shares of the energy company’s stock worth $42,487,000 after purchasing an additional 51,785 shares in the last quarter. Finally, Bank of Nova Scotia raised its holdings in Cheniere Energy by 21.1% in the 3rd quarter. Bank of Nova Scotia now owns 10,684 shares of the energy company’s stock worth $2,511,000 after purchasing an additional 1,859 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $252.44 on Monday. The company’s fifty day moving average price is $218.91 and its 200-day moving average price is $217.23. The stock has a market cap of $53.06 billion, a PE 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, Inc. has a 12 month low of $186.20 and a 12 month high of $259.24.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results 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. Cheniere Energy had a net margin of 26.68% and a return on equity of 32.04%. The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the business earned $4.33 EPS. Cheniere Energy’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, equities analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

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

Cheniere Energy announced that its board has authorized a stock repurchase program on Thursday, February 26th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the energy company to reacquire up to 21.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LNG. Jefferies Financial Group reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Thursday, February 26th. Wells Fargo & Company decreased their price target on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating for the company in a research note on Friday. Wolfe Research set a $220.00 price objective on shares of Cheniere Energy and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Bank of America cut their price objective on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Finally, UBS Group upped their target price on Cheniere Energy from $277.00 to $301.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.