Foundations Investment Advisors LLC Has $9.18 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Foundations Investment Advisors LLC grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 38.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,481 shares of the energy company’s stock after buying an additional 14,587 shares during the period. Foundations Investment Advisors LLC’s holdings in Cheniere Energy were worth $9,175,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Keene & Associates Inc. lifted its position in shares of Cheniere Energy by 3.8% during the 1st quarter. Keene & Associates Inc. now owns 1,798 shares of the energy company’s stock valued at $290,000 after acquiring an additional 65 shares during the period. Signature Wealth Management Group boosted its holdings in shares of Cheniere Energy by 1.4% during the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock valued at $832,000 after acquiring an additional 66 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in 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 acquiring an additional 68 shares during the last quarter. E&G Advisors LP raised its position in Cheniere Energy by 5.2% in the first quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock valued at $229,000 after purchasing an additional 70 shares during the last quarter. Finally, Syon Capital LLC raised its position in Cheniere Energy by 4.7% in the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after purchasing an additional 73 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

Shares of LNG traded up $0.18 on Wednesday, reaching $183.06. 76,644 shares of the company’s stock traded hands, compared to its average volume of 1,813,110. The stock’s 50 day simple moving average is $179.36 and its two-hundred day simple moving average is $165.67. The company has a current ratio of 1.02, a quick ratio of 0.93 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. The stock has a market cap of $41.90 billion, a PE ratio of 8.90 and a beta of 0.96.

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 company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.52 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The firm’s quarterly revenue was down 19.6% on a year-over-year basis. During the same period in the previous year, the firm earned $5.61 EPS. On average, analysts forecast that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy declared that its Board of Directors has approved a share repurchase program on Monday, June 17th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the energy company to reacquire up to 9.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were given 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 0.95%. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

Analyst Ratings Changes

LNG has been the subject of several recent research reports. Barclays upped their price objective on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating for the company. JPMorgan Chase & Co. lifted their price target on shares of Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. TD Cowen upped their price target 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, Stifel Nicolaus reduced their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average 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.