Bailard Inc. Boosts Position in Cheniere Energy, Inc. (NYSE:LNG)

Bailard Inc. lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,587 shares of the energy company’s stock after purchasing an additional 317 shares during the quarter. Bailard Inc.’s holdings in Cheniere Energy were worth $1,152,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lynx Investment Advisory acquired a new stake in shares of Cheniere Energy during the 2nd quarter worth approximately $27,000. Crewe Advisors LLC acquired a new stake in Cheniere Energy during the first quarter worth $26,000. Cooksen Wealth LLC purchased a new stake in Cheniere Energy in the fourth quarter valued at $28,000. Riverview Trust Co acquired a new position in shares of Cheniere Energy in the 1st quarter valued at $29,000. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Cheniere Energy by 57.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock worth $33,000 after purchasing an additional 68 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 0.2 %

LNG traded up $0.36 on Monday, hitting $184.32. 1,042,962 shares of the company were exchanged, compared to its average volume of 1,842,691. The firm has a 50-day moving average price of $177.03 and a two-hundred day moving average price of $164.82. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $187.44. The company has a market cap of $42.19 billion, a price-to-earnings ratio of 8.98 and a beta of 0.96.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $2.13. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.61 EPS. On average, equities analysts predict that Cheniere Energy, Inc. will post 8.29 earnings per share for the current year.

Cheniere Energy announced that its Board of Directors has authorized a stock repurchase program on Monday, June 17th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the energy company to reacquire up to 9.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were issued a $0.435 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.94%. Cheniere Energy’s payout ratio is 8.48%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. increased their price objective on shares of Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. TD Cowen boosted their target price on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Finally, Barclays raised their price target on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $196.40.

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.