Stokes Capital Advisors LLC Has $5.02 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Stokes Capital Advisors LLC increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 6.7% in the 2nd quarter, Holdings Channel reports. The firm owned 28,720 shares of the energy company’s stock after buying an additional 1,795 shares during the quarter. Stokes Capital Advisors LLC’s holdings in Cheniere Energy were worth $5,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the business. Raymond James & Associates raised its holdings in Cheniere Energy by 19.9% in the second quarter. Raymond James & Associates now owns 283,046 shares of the energy company’s stock worth $49,485,000 after purchasing an additional 46,902 shares during the period. OFI Invest Asset Management boosted its position in shares of Cheniere Energy by 1,609.9% during the 2nd quarter. OFI Invest Asset Management now owns 5,882 shares of the energy company’s stock worth $960,000 after acquiring an additional 5,538 shares in the last quarter. Maple Brown Abbott Ltd boosted its position in Cheniere Energy by 6.1% in the second quarter. Maple Brown Abbott Ltd now owns 319,520 shares of the energy company’s stock valued at $55,862,000 after buying an additional 18,420 shares in the last quarter. Accordant Advisory Group Inc boosted its holdings in Cheniere Energy by 0.4% in the second quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company’s stock worth $3,389,000 after acquiring an additional 76 shares in the last quarter. Finally, Gradient Investments LLC boosted its position in Cheniere Energy by 3.7% in the second quarter. Gradient Investments LLC now owns 3,030 shares of the energy company’s stock worth $530,000 after purchasing an additional 107 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating for the company. TD Cowen increased their price objective on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. UBS Group dropped their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Finally, Stifel Nicolaus lowered their price objective 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. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $196.40.

Cheniere Energy Price Performance

Shares of LNG traded up $0.34 during trading hours on Friday, reaching $184.98. 1,397,557 shares of the stock traded hands, compared to its average volume of 1,872,548. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $185.81. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58. The company has a market cap of $42.34 billion, a P/E ratio of 9.01 and a beta of 0.96. The company’s 50-day moving average price is $173.89 and its two-hundred day moving average price is $164.63.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $2.13. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the previous year, the firm posted $5.61 earnings per share. The business’s revenue was down 19.6% compared to the same quarter last year. On average, analysts anticipate that Cheniere Energy, Inc. will post 8.29 earnings per share for the current year.

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

Cheniere Energy Dividend Announcement

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

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.