Cheniere Energy, Inc. (NYSE:LNG) Stock Position Boosted by Jennison Associates LLC

Jennison Associates LLC grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 13.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,384,125 shares of the energy company’s stock after purchasing an additional 169,072 shares during the period. Jennison Associates LLC owned approximately 0.60% of Cheniere Energy worth $223,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Mutual of America Capital Management LLC boosted its holdings in shares of Cheniere Energy by 17.7% in the first quarter. Mutual of America Capital Management LLC now owns 5,032 shares of the energy company’s stock worth $812,000 after buying an additional 755 shares during the period. FORA Capital LLC boosted its holdings in shares of Cheniere Energy by 22.0% in the first quarter. FORA Capital LLC now owns 38,459 shares of the energy company’s stock worth $6,203,000 after buying an additional 6,928 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Cheniere Energy by 27.1% in the first quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock worth $4,715,000 after buying an additional 6,235 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Cheniere Energy by 133.5% in the first quarter. Nordea Investment Management AB now owns 38,814 shares of the energy company’s stock worth $6,230,000 after buying an additional 22,192 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Cheniere Energy by 6.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,556 shares of the energy company’s stock worth $1,057,000 after buying an additional 407 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 0.7 %

Cheniere Energy stock traded up $1.30 on Monday, hitting $175.48. The company’s stock had a trading volume of 1,347,484 shares, compared to its average volume of 1,937,406. The stock has a market capitalization of $40.17 billion, a price-to-earnings ratio of 8.55 and a beta of 0.96. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58. The firm has a fifty day simple moving average of $161.48. Cheniere Energy, Inc. has a one year low of $151.25 and a one year high of $183.46.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.97 billion. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The firm’s revenue for the quarter was down 41.8% compared to the same quarter last year. During the same period in the previous year, the company posted $6.89 EPS. Analysts anticipate that Cheniere Energy, Inc. will post 8.33 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be paid a $0.435 dividend. The ex-dividend date is Friday, August 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.99%. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LNG shares. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. UBS Group reduced their price target on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating on the stock. Stifel Nicolaus raised their price objective on shares of Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.64.

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.