Cheniere Energy, Inc. (NYSE:LNG) Stock Position Increased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,718 shares of the energy company’s stock after purchasing an additional 1,285 shares during the period. Oppenheimer & Co. Inc.’s holdings in Cheniere Energy were worth $3,972,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Cheniere Energy during the fourth quarter valued at $308,910,000. TD Asset Management Inc grew its position in Cheniere Energy by 231.8% in the 1st quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock valued at $215,914,000 after buying an additional 935,239 shares in the last quarter. Zimmer Partners LP increased its stake in Cheniere Energy by 61.4% during the 1st quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock valued at $197,201,000 after buying an additional 465,000 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of Cheniere Energy during the 1st quarter worth about $70,682,000. Finally, BROOKFIELD Corp ON raised its position in shares of Cheniere Energy by 30.4% during the 1st quarter. BROOKFIELD Corp ON now owns 1,593,308 shares of the energy company’s stock worth $256,969,000 after buying an additional 371,061 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $179.05 on Friday. The stock’s fifty day simple moving average is $180.24 and its 200 day simple moving average is $166.86. The stock has a market capitalization of $40.51 billion, a price-to-earnings ratio of 8.72 and a beta of 0.95. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $187.44.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $2.13. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. During the same quarter last year, the business posted $5.61 EPS. Cheniere Energy’s revenue was down 19.6% on a year-over-year basis. As a group, sell-side analysts forecast that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy declared that its board has authorized a stock repurchase program on Monday, June 17th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the energy company to repurchase up to 9.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were issued a dividend of $0.435 per share. The ex-dividend date was Friday, August 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.97%. Cheniere Energy’s dividend payout ratio is currently 8.48%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LNG shares. Barclays raised their price objective on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Stifel Nicolaus lowered their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Sanford C. Bernstein assumed coverage on Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating for the company. Finally, TD Cowen lifted their target price on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $196.25.

Cheniere Energy Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.