Blair William & Co. IL Has $13.36 Million Holdings in Cheniere Energy, Inc. $LNG

Blair William & Co. IL boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,867 shares of the energy company’s stock after acquiring an additional 4,342 shares during the period. Blair William & Co. IL’s holdings in Cheniere Energy were worth $13,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Railway Pension Investments Ltd increased its stake in Cheniere Energy by 62.9% during the 3rd quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock worth $182,626,000 after purchasing an additional 300,100 shares in the last quarter. M&G PLC lifted its stake in Cheniere Energy by 49.6% in the third quarter. M&G PLC now owns 556,285 shares of the energy company’s stock valued at $130,727,000 after buying an additional 184,520 shares in the last quarter. Waverton Investment Management Ltd lifted its stake in Cheniere Energy by 35.3% in the third quarter. Waverton Investment Management Ltd now owns 196,819 shares of the energy company’s stock valued at $46,244,000 after buying an additional 51,326 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Cheniere Energy by 12.6% in the third quarter. Allianz Asset Management GmbH now owns 1,460,762 shares of the energy company’s stock valued at $343,250,000 after buying an additional 163,861 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Cheniere Energy by 2.6% during the third quarter. Envestnet Asset Management Inc. now owns 360,504 shares of the energy company’s stock worth $84,711,000 after acquiring an additional 9,085 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 2.1%

Shares of LNG stock opened at $254.77 on Monday. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $259.24. The company has a market capitalization of $53.55 billion, a PE ratio of 10.48 and a beta of 0.25. The firm has a 50 day moving average price of $213.30 and a two-hundred day moving average price of $216.86. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.74.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Wednesday, February 25th. The energy company reported $10.68 EPS for the quarter, beating the consensus estimate of $3.90 by $6.78. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.48 billion. Cheniere Energy had a return on equity of 32.04% and a net margin of 26.68%.The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.33 earnings per share. As a group, analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy announced that its board has authorized a share buyback program on Thursday, February 26th that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the energy company to reacquire up to 21.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 6th were issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, February 6th. Cheniere Energy’s dividend payout ratio is currently 9.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LNG shares. Weiss Ratings lowered shares of Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. Citigroup reduced their target price on shares of Cheniere Energy from $283.00 to $280.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Jefferies Financial Group reiterated a “buy” rating on shares of Cheniere Energy in a report on Thursday, February 26th. Barclays lifted their price target on Cheniere Energy from $259.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Morgan Stanley set a $236.00 price objective on Cheniere Energy and gave the stock an “equal weight” rating in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $264.89.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.