Harbour Investments Inc. Sells 192 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Harbour Investments Inc. lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 14.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,112 shares of the energy company’s stock after selling 192 shares during the quarter. Harbour Investments Inc.’s holdings in Cheniere Energy were worth $194,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in LNG. Norges Bank bought a new stake in shares of Cheniere Energy during the 4th quarter valued at about $308,910,000. TD Asset Management Inc boosted its position in shares of Cheniere Energy by 231.8% during the 1st quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock valued at $215,914,000 after acquiring an additional 935,239 shares during the last quarter. Zimmer Partners LP boosted its position in shares of Cheniere Energy by 61.4% during the 1st quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock valued at $197,201,000 after acquiring an additional 465,000 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Cheniere Energy during the 1st quarter valued at about $70,682,000. Finally, BROOKFIELD Corp ON boosted its position in shares of Cheniere Energy by 30.4% during the 1st quarter. BROOKFIELD Corp ON now owns 1,593,308 shares of the energy company’s stock valued at $256,969,000 after acquiring an additional 371,061 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $185.32 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.92 and a current ratio of 0.98. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $187.44. The stock has a 50 day moving average price of $178.32 and a two-hundred day moving average price of $165.19. The company has a market capitalization of $42.42 billion, a P/E ratio of 9.02 and a beta of 0.96.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $2.13. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.52 billion. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The firm’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.61 earnings per share. Analysts expect that Cheniere Energy, Inc. will post 8.29 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were issued a dividend of $0.435 per share. The ex-dividend date was Friday, August 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.94%. Cheniere Energy’s dividend payout ratio is presently 8.48%.

Cheniere Energy declared that its Board of Directors has approved a share repurchase plan on Monday, June 17th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the energy company to buy up to 9.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms recently weighed in on LNG. Stifel Nicolaus dropped their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. TD Cowen boosted their target price on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Sanford C. Bernstein began coverage on Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating for the company. Barclays boosted their target price on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. boosted their target price on Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $196.40.

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.