Cheniere Energy, Inc. $LNG Shares Bought by Genus Capital Management Inc.

Genus Capital Management Inc. lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 67.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,025 shares of the energy company’s stock after purchasing an additional 4,425 shares during the quarter. Genus Capital Management Inc.’s holdings in Cheniere Energy were worth $2,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. grew its stake in shares of Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after purchasing an additional 59 shares during the period. Westside Investment Management Inc. grew its stake in shares of Cheniere Energy by 473.7% during the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after purchasing an additional 90 shares during the period. Hilltop National Bank acquired a new position in shares of Cheniere Energy during the 2nd quarter worth $28,000. Richardson Financial Services Inc. acquired a new position in shares of Cheniere Energy during the 2nd quarter worth $30,000. Finally, WPG Advisers LLC acquired a new position in shares of Cheniere Energy during the 1st quarter worth $38,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LNG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. TD Cowen raised their price target on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, Barclays reissued an “overweight” rating and issued a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $268.73.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $206.69 on Wednesday. The stock has a market cap of $45.42 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 6.08 and a beta of 0.37. Cheniere Energy, Inc. has a 52 week low of $188.70 and a 52 week high of $257.65. The company’s 50-day moving average price is $229.74 and its 200 day moving average price is $232.90. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, October 30th. The energy company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $2.00. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same period last year, the company earned $3.93 EPS. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. As a group, research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $2.22 annualized dividend and a dividend yield of 1.1%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio is 12.37%.

About Cheniere Energy

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.