Flputnam Investment Management Co. Has $10.31 Million Holdings in Cheniere Energy, Inc. $LNG

Flputnam Investment Management Co. cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,157 shares of the energy company’s stock after selling 3,776 shares during the period. Flputnam Investment Management Co.’s holdings in Cheniere Energy were worth $10,315,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its stake in Cheniere Energy by 23.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,330 shares of the energy company’s stock worth $2,469,000 after purchasing an additional 1,934 shares in the last quarter. Hennessy Advisors Inc. increased its stake in shares of Cheniere Energy by 14.2% in the second quarter. Hennessy Advisors Inc. now owns 134,754 shares of the energy company’s stock valued at $32,208,000 after buying an additional 16,757 shares in the last quarter. Hollencrest Capital Management increased its stake in shares of Cheniere Energy by 1,100.0% in the second quarter. Hollencrest Capital Management now owns 300 shares of the energy company’s stock valued at $72,000 after buying an additional 275 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Cheniere Energy by 12.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,135,088 shares of the energy company’s stock valued at $510,307,000 after buying an additional 239,680 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Cheniere Energy by 210.1% in the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock valued at $584,237,000 after buying an additional 1,656,194 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 0.6%

LNG opened at $282.36 on Friday. The firm has a 50 day simple moving average of $260.25 and a 200 day simple moving average of $253.19. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The company has a market cap of $58.32 billion, a price-to-earnings ratio of 21.02 and a beta of -0.01. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.92 billion. Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%.Cheniere Energy’s revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the firm posted $7.30 EPS. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 16.36 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. Cheniere Energy’s payout ratio is 16.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LNG shares. UBS Group set a $290.00 price objective on shares of Cheniere Energy in a report on Wednesday, May 13th. Weiss Ratings raised shares of Cheniere Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Barclays raised their price target on shares of Cheniere Energy from $274.00 to $279.00 and gave the company an “overweight” rating in a report on Friday, August 7th. TD Cowen boosted their price objective on shares of Cheniere Energy from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Finally, Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $304.35.

Cheniere Energy Company 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.