Harbor Investment Advisory LLC bought a new stake in Cheniere Energy, Inc. (NYSEAMERICAN: LNG – Get Rating ) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 425 shares of the energy company’s stock, valued at approximately $59,000.
Other hedge funds have also recently modified their holdings of the company. Patron Partners LLC boosted its holdings in Cheniere Energy by 1.5% in the 4th quarter. Patron Partners LLC now owns 6,897 shares of the energy company’s stock valued at $699,000 after acquiring an additional 100 shares in the last quarter. American Money Management LLC boosted its holdings in Cheniere Energy by 0.5% during the 4th quarter. American Money Management LLC now owns 19,237 shares of the energy company’s stock valued at $1,951,000 after buying an additional 100 shares during the period. First Republic Investment Management Inc. lifted its position in Cheniere Energy by 0.5% in the 4th quarter. First Republic Investment Management Inc. now owns 22,811 shares of the energy company’s stock valued at $2,313,000 after buying an additional 120 shares in the last quarter. Highland Capital Management LLC boosted its holdings in Cheniere Energy by 0.7% in the first quarter. Highland Capital Management LLC now owns 19,437 shares of the energy company’s stock valued at $2,695,000 after buying an additional 129 shares during the period. Finally, IndexIQ Advisors LLC boosted its holdings in Cheniere Energy by 14.9% during the 4th quarter. IndexIQ Advisors LLC now owns 1,003 shares of the energy company’s stock valued at $102,000 after buying an additional 130 shares during the period. Institutional investors own 88.17% of the company’s shares.
LNG opened at $131.95 on Monday. The stock has a market cap of $33.53 billion, a PE ratio of -14.26 and a beta of 1.26. Cheniere Energy, Inc. has a 1-year low of $80.06 and a 1-year high of $150.00. The company has a quick ratio of 0.93, a current ratio of 1.08 and a debt-to-equity ratio of 24.30.
Cheniere Energy (NYSEAMERICAN:LNG – Get Rating ) last announced its quarterly earnings data on Wednesday, May 4th. The energy company reported $7.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $4.01. Cheniere Energy had a negative net margin of 14.77% and a positive return on equity of 30.72%. The company had revenue of $7.48 billion during the quarter, compared to analyst estimates of $5.56 billion. During the same period in the prior year, the business earned $1.54 EPS. The company’s revenue for the quarter was up 142.2% year over year. Sell-side analysts predict that Cheniere Energy, Inc. will report 10.91 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 17th. Shareholders of record on Tuesday, May 10th were given a dividend of $0.33 per share. This represents an annualized dividend of $1.32 and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, May 9th. Cheniere Energy’s payout ratio is currently -14.27%.
HSV has been the subject of a number of analyst reports. Raymond James boosted their target price on Cheniere Energy from $165.00 to $171.00 in a research note on Wednesday, May 4th. JPMorgan Chase & Co. boosted their target price on shares of Cheniere Energy from $183.00 to $192.00 in a research report on Thursday, May 12th. Cowen boosted their price objective on shares of Cheniere Energy from $145.00 to $170.00 in a report on Thursday, May 5th. Mizuho upped their target price on Cheniere Energy from $145.00 to $159.00 in a report on Friday, May 6th. Finally, Wells Fargo & Company raised their target price on Cheniere Energy from $162.00 to $185.00 in a research report on Monday, May 9th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $155.08, based on data from MarketBeat.com.
Cheniere Energy Company Profile (Get Rating)
Cheniere Energy, Inc, an energy infrastructure company, is primarily engaged in the business of liquefied natural gas (LNG) 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 the Creole Trail Pipeline, a 94-mile pipeline connecting the Sabine Pass LNG terminal to various interstate pipelines; and operates the Corpus Christi Pipeline, a 21.5-mile natural gas delivery pipeline that connects the Corpus Christi LNG Terminal to various interstate and intrastate gas pipelines.
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