Northwestern Mutual Wealth Management Co. Has $90,000 Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Northwestern Mutual Wealth Management Co. lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 980.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,836 shares of the energy company’s stock after buying an additional 1,666 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cheniere Energy were worth $90,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Cheniere Energy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 22,529,191 shares of the energy company’s stock valued at $3,845,958,000 after purchasing an additional 151,311 shares during the period. The Manufacturers Life Insurance Company raised its stake in Cheniere Energy by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock valued at $921,503,000 after buying an additional 413,744 shares during the period. Tortoise Capital Advisors L.L.C. lifted its position in shares of Cheniere Energy by 9.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock valued at $566,956,000 after buying an additional 273,588 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Cheniere Energy by 7.4% during the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after acquiring an additional 202,097 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Cheniere Energy by 5.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock valued at $360,259,000 after acquiring an additional 99,678 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 0.5 %

NYSE LNG opened at $190.83 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. The company has a market cap of $43.18 billion, a price-to-earnings ratio of 10.17 and a beta of 0.94. The company has a 50 day moving average of $182.23 and a 200-day moving average of $170.29. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $193.16.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.04 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. On average, equities research analysts expect that Cheniere Energy, Inc. will post 9.76 earnings per share for the current fiscal year.

Cheniere Energy announced that its Board of Directors has initiated a share repurchase program on Monday, June 17th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the energy company to purchase up to 9.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were paid a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Wednesday, August 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.62. Cheniere Energy’s payout ratio is 9.28%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stifel Nicolaus decreased their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Barclays increased their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating for the company. Finally, TD Cowen upped 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, June 17th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

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.