Cheniere Energy, Inc. $LNG Shares Sold by Railway Pension Investments Ltd

Railway Pension Investments Ltd lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 31.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 586,260 shares of the energy company’s stock after selling 268,840 shares during the quarter. Cheniere Energy accounts for about 1.8% of Railway Pension Investments Ltd’s holdings, making the stock its 24th biggest position. Railway Pension Investments Ltd owned approximately 0.28% of Cheniere Energy worth $140,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LNG. State Street Corp raised its holdings in Cheniere Energy by 2.8% in the fourth quarter. State Street Corp now owns 6,174,695 shares of the energy company’s stock valued at $1,200,299,000 after buying an additional 167,622 shares during the period. Norges Bank bought a new stake in Cheniere Energy during the fourth quarter valued at $731,774,000. Wellington Management Group LLP lifted its holdings in 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 worth $584,237,000 after acquiring an additional 1,656,194 shares during the last quarter. Victory Capital Management Inc. boosted its position in Cheniere Energy by 12.5% during the 4th quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company’s stock valued at $443,031,000 after purchasing an additional 253,469 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Cheniere Energy by 6.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,263,826 shares of the energy company’s stock worth $440,047,000 after acquiring an additional 134,695 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Up 3.5%

Shares of NYSE LNG opened at $292.34 on Tuesday. The stock’s fifty day moving average is $261.48 and its 200 day moving average is $253.98. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The stock has a market capitalization of $60.38 billion, a P/E ratio of 21.77 and a beta of -0.01.

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

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy’s dividend payout ratio (DPR) is presently 16.53%.

Analyst Upgrades and Downgrades

LNG has been the topic of several research analyst reports. Zacks Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. raised their target price on Cheniere Energy from $327.00 to $334.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Wolfe Research reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Cheniere Energy in a report on Tuesday, June 2nd. TD Cowen increased their price objective on Cheniere Energy from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Finally, Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $304.35.

Key Cheniere Energy News

Here are the key news stories impacting Cheniere Energy this week:

• Positive Sentiment: Cheniere substantially completed the Corpus Christi Stage 3 expansion, adding seven midscale liquefaction trains and approximately 10 million tonnes per annum of LNG production capacity. The project increases the company’s ability to serve growing global demand and should support future cash flow. Cheniere completes Corpus Christi Stage 3 LNG expansion project
• Positive Sentiment: The expansion milestone coincided with Cheniere exporting its 5,000th LNG cargo from the U.S. Gulf Coast, highlighting the scale and operating track record of its export platform. Cheniere exports 5,000th LNG cargo as it completes an expansion phase
• Positive Sentiment: Reports emphasized that Corpus Christi Stage 3 has reached the finish line, removing a major construction and execution risk while positioning Cheniere to benefit from increased LNG demand. US LNG exporter crosses finish line for Texas expansion project
• Positive Sentiment: Additional coverage described the project as substantially complete and noted the 5,000th cargo, reinforcing expectations for higher production and export volumes from the Texas facility. Cheniere Energy substantially completes Texas LNG expansion project
• Positive Sentiment: U.S. LNG feedgas demand reached its highest level since April, a sign of strong utilization at export terminals that could support Cheniere’s near-term volumes and operating leverage. US LNG feedgas demand hits highest level since April
• Neutral Sentiment: Cheniere was mentioned among CNBC “Final Trades,” providing some additional investor visibility, although the available report did not provide a detailed new investment thesis or company-specific recommendation. CNBC Final Trades

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.