Edgestream Partners L.P. Increases Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Edgestream Partners L.P. increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 222.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,081 shares of the energy company’s stock after purchasing an additional 13,160 shares during the quarter. Edgestream Partners L.P.’s holdings in Cheniere Energy were worth $3,077,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cooksen Wealth LLC bought a new position in Cheniere Energy during the 4th quarter valued at $28,000. Riverview Trust Co bought a new position in Cheniere Energy during the 1st quarter valued at $29,000. Scarborough Advisors LLC bought a new position in Cheniere Energy during the 4th quarter valued at $45,000. Eagle Bay Advisors LLC bought a new position in Cheniere Energy during the 1st quarter valued at $50,000. Finally, OFI Invest Asset Management boosted its stake in Cheniere Energy by 33.3% during the 1st quarter. OFI Invest Asset Management now owns 344 shares of the energy company’s stock valued at $51,000 after acquiring an additional 86 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LNG shares. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating on the stock. Barclays increased their price objective on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Redburn Atlantic initiated coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Finally, TD Cowen raised their price target on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $199.09.

Cheniere Energy Price Performance

Shares of LNG stock traded down $1.23 during trading hours on Tuesday, reaching $179.67. The stock had a trading volume of 209,488 shares, compared to its average volume of 1,903,240. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $184.62. The company’s 50-day simple moving average is $165.77. The company has a market cap of $41.13 billion, a price-to-earnings ratio of 8.81 and a beta of 0.96.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the business earned $6.89 EPS. The firm’s revenue was down 41.8% on a year-over-year basis. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 8.29 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.435 per share. The ex-dividend date is Friday, August 9th. This represents a $1.74 annualized dividend and a yield of 0.97%. Cheniere Energy’s payout ratio is 8.48%.

Cheniere Energy declared that its board has approved a stock buyback plan on Monday, June 17th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the energy company to reacquire up to 9.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.