Linscomb Wealth Inc. Grows Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Linscomb Wealth Inc. increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,940 shares of the energy company’s stock after buying an additional 349 shares during the period. Linscomb Wealth Inc.’s holdings in Cheniere Energy were worth $3,836,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new stake in Cheniere Energy in the fourth quarter worth $308,910,000. TD Asset Management Inc grew its position in shares of Cheniere Energy by 231.8% during the first quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock worth $215,914,000 after acquiring an additional 935,239 shares during the last quarter. Zimmer Partners LP increased its holdings in shares of Cheniere Energy by 61.4% in the 1st quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock worth $197,201,000 after acquiring an additional 465,000 shares during the period. Jupiter Asset Management Ltd. bought a new stake in Cheniere Energy in the 1st quarter valued at about $70,682,000. Finally, BROOKFIELD Corp ON boosted its stake in Cheniere Energy by 30.4% during the 1st quarter. BROOKFIELD Corp ON now owns 1,593,308 shares of the energy company’s stock valued at $256,969,000 after purchasing an additional 371,061 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

LNG has been the topic of a number of recent analyst reports. Sanford C. Bernstein assumed coverage on Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating on the stock. Barclays lifted their target price on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. increased their price target on Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. TD Cowen lifted their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Finally, Stifel Nicolaus decreased their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $196.00.

Cheniere Energy Trading Down 0.5 %

NYSE:LNG opened at $177.62 on Wednesday. The company has a market capitalization of $40.66 billion, a P/E ratio of 8.65 and a beta of 0.95. The stock’s 50 day moving average price is $180.03 and its 200 day moving average price is $166.45. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $187.44.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $2.13. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the previous year, the business earned $5.61 EPS. Cheniere Energy’s quarterly revenue was down 19.6% compared to the same quarter last year. On average, research analysts forecast that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

Cheniere Energy declared that its Board of Directors has approved a stock buyback program on Monday, June 17th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the energy company to repurchase up to 9.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were issued a $0.435 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.74 annualized dividend and a yield of 0.98%. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

Cheniere Energy Profile

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.