Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by Fortune Financial Advisors LLC

Fortune Financial Advisors LLC grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,019 shares of the energy company’s stock after purchasing an additional 628 shares during the quarter. Cheniere Energy makes up about 1.5% of Fortune Financial Advisors LLC’s holdings, making the stock its 19th biggest position. Fortune Financial Advisors LLC’s holdings in Cheniere Energy were worth $2,451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Daiwa Securities Group Inc. grew its position in shares of Cheniere Energy by 27.1% during the first quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock worth $4,715,000 after acquiring an additional 6,235 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Cheniere Energy during the fourth quarter worth approximately $852,000. Sei Investments Co. grew its position in shares of Cheniere Energy by 6.7% during the first quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock worth $30,198,000 after acquiring an additional 11,800 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Cheniere Energy by 103.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock worth $5,093,000 after acquiring an additional 16,044 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Cheniere Energy by 215.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after acquiring an additional 42,737 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TD Cowen raised their target price 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. JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Stifel Nicolaus lowered their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Barclays lifted their price objective on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $196.00.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $176.58 on Thursday. The firm has a market capitalization of $40.42 billion, a P/E ratio of 8.60 and a beta of 0.95. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $187.44. The company’s fifty day moving average is $180.08 and its two-hundred day moving average is $166.52. 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 (NYSE:LNG) last released its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $2.13. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.52 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The business’s revenue was down 19.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.61 EPS. Analysts forecast that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, August 9th. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

Cheniere Energy declared that its board has initiated a stock repurchase program on Monday, June 17th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the energy company to reacquire up to 9.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.