Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) – US Capital Advisors boosted their Q1 2022 earnings per share (EPS) estimates for Cheniere Energy in a report issued on Monday, April 25th. US Capital Advisors analyst J. Carreker now expects that the energy company will post earnings per share of $4.07 for the quarter, up from their prior estimate of $2.86. US Capital Advisors also issued estimates for Cheniere Energy’s Q2 2022 earnings at $4.23 EPS, Q3 2022 earnings at $3.95 EPS, Q4 2022 earnings at $4.61 EPS, FY2022 earnings at $16.86 EPS, Q1 2023 earnings at $4.83 EPS, Q2 2023 earnings at $3.80 EPS, Q3 2023 earnings at $3.88 EPS, Q4 2023 earnings at $4.63 EPS, FY2023 earnings at $17.14 EPS and FY2024 earnings at $13.37 EPS.
Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last posted its earnings results on Thursday, February 24th. The energy company reported ($1.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($2.98). The business had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a negative net margin of 14.77% and a positive return on equity of 30.72%. The business’s revenue was up 135.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.77) EPS.
NYSEAMERICAN LNG opened at $140.28 on Thursday. The stock has a market capitalization of $35.69 billion, a P/E ratio of -15.17 and a beta of 1.26. Cheniere Energy has a twelve month low of $74.51 and a twelve month high of $149.42. The company has a current ratio of 1.08, a quick ratio of 0.93 and a debt-to-equity ratio of 24.30.
Several hedge funds have recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of Cheniere Energy by 1.3% during the third quarter. American Century Companies Inc. now owns 5,748,094 shares of the energy company’s stock worth $561,416,000 after acquiring an additional 72,087 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Cheniere Energy by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 3,026,040 shares of the energy company’s stock worth $306,428,000 after acquiring an additional 188,732 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Cheniere Energy by 41.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,645,980 shares of the energy company’s stock valued at $258,434,000 after purchasing an additional 772,802 shares in the last quarter. Sixth Street Partners Management Company L.P. grew its position in Cheniere Energy by 15.7% in the third quarter. Sixth Street Partners Management Company L.P. now owns 2,530,903 shares of the energy company’s stock valued at $247,193,000 after purchasing an additional 343,903 shares in the last quarter. Finally, Brookfield Asset Management Inc. grew its position in Cheniere Energy by 12.3% in the third quarter. Brookfield Asset Management Inc. now owns 2,345,578 shares of the energy company’s stock valued at $229,093,000 after purchasing an additional 256,289 shares in the last quarter. 88.17% of the stock is owned by institutional investors.
In other Cheniere Energy news, Director Neal A. Shear sold 10,318 shares of the stock in a transaction on Thursday, March 31st. The shares were sold at an average price of $140.16, for a total value of $1,446,170.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.66% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 17th. Shareholders of record on Tuesday, May 10th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.94%. Cheniere Energy’s dividend payout ratio (DPR) is presently -14.27%.
Cheniere Energy Company Profile (Get Rating)
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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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.
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