Hennessy Advisors Inc. Boosts Stock Position in Cheniere Energy, Inc. $LNG

Hennessy Advisors Inc. lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 14.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 134,754 shares of the energy company’s stock after purchasing an additional 16,757 shares during the quarter. Cheniere Energy comprises about 1.0% of Hennessy Advisors Inc.’s holdings, making the stock its 21st largest holding. Hennessy Advisors Inc.’s holdings in Cheniere Energy were worth $32,208,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Cheniere Energy by 2.8% in the 4th 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 in the last quarter. Norges Bank acquired a new stake in shares of Cheniere Energy in the 4th quarter worth $731,774,000. Wellington Management Group LLP raised its holdings in shares of Cheniere Energy by 210.1% during the 2nd 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 period. Victory Capital Management Inc. raised its holdings in shares of 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 worth $443,031,000 after acquiring an additional 253,469 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Cheniere Energy by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,263,826 shares of the energy company’s stock valued at $440,047,000 after acquiring an additional 134,695 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

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

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data 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). Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter last year, the firm posted $7.30 earnings per share. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. Equities analysts anticipate that Cheniere Energy, Inc. will post 16.36 earnings per share for the current year.

Cheniere Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Wall Street Zen raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Morgan Stanley reiterated an “overweight” rating and issued a $310.00 target price on shares of Cheniere Energy in a report on Friday, August 7th. Royal Bank Of Canada increased their price target on shares of Cheniere Energy from $300.00 to $319.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. Finally, Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $304.35.

Cheniere Energy 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.