AXQ Capital LP Reduces Stake in Cheniere Energy, Inc. $LNG

AXQ Capital LP trimmed its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 20.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,963 shares of the energy company’s stock after selling 764 shares during the quarter. AXQ Capital LP’s holdings in Cheniere Energy were worth $722,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Graham Capital Wealth Management LLC boosted its position in Cheniere Energy by 1.3% in the second quarter. Graham Capital Wealth Management LLC now owns 25,086 shares of the energy company’s stock valued at $6,109,000 after buying an additional 312 shares during the last quarter. MAI Capital Management raised its holdings in shares of Cheniere Energy by 5.7% during the 2nd quarter. MAI Capital Management now owns 4,786 shares of the energy company’s stock worth $1,165,000 after acquiring an additional 256 shares during the period. DNB Asset Management AS grew its position in Cheniere Energy by 4.9% in the second quarter. DNB Asset Management AS now owns 43,057 shares of the energy company’s stock worth $10,485,000 after acquiring an additional 2,030 shares during the period. Entropy Technologies LP lifted its holdings in shares of Cheniere Energy by 75.5% in the 2nd quarter. Entropy Technologies LP now owns 9,352 shares of the energy company’s stock worth $2,277,000 after acquiring an additional 4,023 shares during the last quarter. Finally, Swiss National Bank grew its position in Cheniere Energy by 6.6% in the 2nd quarter. Swiss National Bank now owns 674,500 shares of the energy company’s stock valued at $164,254,000 after acquiring an additional 41,700 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LNG shares. TD Cowen boosted their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Scotiabank dropped their target price on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating for the company in a research report on Thursday, November 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $268.47.

Insiders Place Their Bets

In other Cheniere Energy news, Director W Benjamin Moreland purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the acquisition, the director directly owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.26% of the stock is owned by corporate insiders.

Cheniere Energy Stock Down 1.3%

Cheniere Energy stock opened at $205.40 on Friday. Cheniere Energy, Inc. has a 1-year low of $188.70 and a 1-year high of $257.65. The firm’s fifty day simple moving average is $222.59 and its 200-day simple moving average is $230.91. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $44.21 billion, a P/E ratio of 11.99, a P/E/G ratio of 6.08 and a beta of 0.36.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.87 billion. During the same quarter in the previous year, the business earned $3.93 EPS. The business’s revenue was up 18.0% on a year-over-year basis. Sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were paid a $0.555 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $2.22 annualized dividend and a yield of 1.1%. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s payout ratio is presently 12.37%.

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.