MGO One Seven LLC Boosts Position in Cheniere Energy, Inc. (NYSE:LNG)

MGO One Seven LLC boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 22.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,415 shares of the energy company’s stock after buying an additional 988 shares during the quarter. MGO One Seven LLC’s holdings in Cheniere Energy were worth $947,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Keene & Associates Inc. raised its stake in shares of Cheniere Energy by 3.8% during the first quarter. Keene & Associates Inc. now owns 1,798 shares of the energy company’s stock valued at $290,000 after acquiring an additional 65 shares in the last quarter. Signature Wealth Management Group raised its position in Cheniere Energy by 1.4% during the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock valued at $832,000 after purchasing an additional 66 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of Cheniere Energy by 57.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock worth $33,000 after buying an additional 68 shares during the period. E&G Advisors LP grew its position in shares of Cheniere Energy by 5.2% during the 1st quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock worth $229,000 after buying an additional 70 shares in the last quarter. Finally, Syon Capital LLC increased its stake in shares of Cheniere Energy by 4.7% during the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after buying an additional 73 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 1.1 %

Shares of LNG stock opened at $179.10 on Friday. The stock’s fifty day moving average price is $180.24 and its 200 day moving average price is $166.76. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $187.44. The company has a market cap of $40.52 billion, a price-to-earnings ratio of 8.72 and a beta of 0.95.

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

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were issued a $0.435 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.97%. Cheniere Energy’s dividend payout ratio is currently 8.48%.

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

Analyst Ratings Changes

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

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.