Cbre Investment Management Listed Real Assets LLC Grows Position in Cheniere Energy, Inc. $LNG

Cbre Investment Management Listed Real Assets LLC grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 84.3% during the third quarter, Holdings Channel.com reports. The fund owned 547,545 shares of the energy company’s stock after purchasing an additional 250,427 shares during the quarter. Cheniere Energy comprises 1.8% of Cbre Investment Management Listed Real Assets LLC’s portfolio, making the stock its 18th biggest holding. Cbre Investment Management Listed Real Assets LLC’s holdings in Cheniere Energy were worth $128,662,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Cheniere Energy by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,687,388 shares of the energy company’s stock valued at $1,141,473,000 after purchasing an additional 26,843 shares during the last quarter. Norges Bank purchased a new position in Cheniere Energy during the second quarter worth about $957,425,000. Geode Capital Management LLC boosted its holdings in Cheniere Energy by 1.9% during the second quarter. Geode Capital Management LLC now owns 3,874,796 shares of the energy company’s stock worth $940,578,000 after purchasing an additional 70,475 shares during the last quarter. Victory Capital Management Inc. grew its position in Cheniere Energy by 21.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,025,609 shares of the energy company’s stock worth $475,633,000 after purchasing an additional 359,123 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Cheniere Energy by 0.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,845,285 shares of the energy company’s stock worth $449,364,000 after purchasing an additional 8,740 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 1.8%

LNG opened at $250.30 on Thursday. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $259.24. The company’s 50-day moving average price is $216.62 and its two-hundred day moving average price is $217.23. The stock has a market cap of $52.61 billion, a price-to-earnings ratio of 10.30 and a beta of 0.25. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.74.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Wednesday, February 25th. The energy company reported $10.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.90 by $6.78. The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.48 billion. Cheniere Energy had a net margin of 26.68% and a return on equity of 32.04%. Cheniere Energy’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.33 EPS. As a group, equities analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 6th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, February 6th. Cheniere Energy’s dividend payout ratio (DPR) is currently 9.14%.

Cheniere Energy declared that its Board of Directors has approved a share repurchase plan on Thursday, February 26th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the energy company to reacquire up to 21.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wolfe Research set a $220.00 target price on shares of Cheniere Energy and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Weiss Ratings lowered Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. Barclays increased their price target on Cheniere Energy from $259.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. BMO Capital Markets reissued an “outperform” rating and issued a $254.00 price objective on shares of Cheniere Energy in a research report on Wednesday, December 17th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Cheniere Energy in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $264.89.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.