262 Shares in Cheniere Energy, Inc. (NYSE:LNG) Bought by Scarborough Advisors LLC

Scarborough Advisors LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 262 shares of the energy company’s stock, valued at approximately $45,000.

Other hedge funds also recently modified their holdings of the company. Syon Capital LLC grew its position in Cheniere Energy by 4.7% in the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after acquiring an additional 73 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in Cheniere Energy by 9.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 24,714 shares of the energy company’s stock valued at $4,086,000 after acquiring an additional 2,119 shares during the last quarter. V Square Quantitative Management LLC grew its position in Cheniere Energy by 49.3% in the fourth quarter. V Square Quantitative Management LLC now owns 3,299 shares of the energy company’s stock valued at $563,000 after acquiring an additional 1,089 shares during the last quarter. Quarry LP grew its position in Cheniere Energy by 156.3% in the fourth quarter. Quarry LP now owns 305 shares of the energy company’s stock valued at $52,000 after acquiring an additional 186 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in Cheniere Energy by 2.8% in the fourth quarter. Intech Investment Management LLC now owns 19,982 shares of the energy company’s stock valued at $3,411,000 after acquiring an additional 549 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $161.25 on Wednesday. The business has a 50 day moving average of $158.06. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.92 and a current ratio of 0.98. The firm has a market capitalization of $36.91 billion, a price-to-earnings ratio of 7.85 and a beta of 0.96. Cheniere Energy, Inc. has a one year low of $146.41 and a one year high of $183.46.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. Cheniere Energy’s revenue was down 41.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.89 earnings per share. Equities analysts anticipate that Cheniere Energy, Inc. will post 8.42 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 9th will be paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Friday, August 9th. Cheniere Energy’s dividend payout ratio is currently 8.48%.

Analysts Set New Price Targets

A number of research firms have issued reports on LNG. TD Cowen lifted their target price on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Monday. Redburn Atlantic began coverage on Cheniere Energy in a research note on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target on the stock. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. UBS Group cut their price target on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Finally, Stifel Nicolaus lifted their price target on Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus target price of $198.64.

Cheniere Energy Company 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.