United Capital Management of KS Inc. Raises Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

United Capital Management of KS Inc. raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,241 shares of the energy company’s stock after purchasing an additional 440 shares during the quarter. United Capital Management of KS Inc.’s holdings in Cheniere Energy were worth $3,539,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LNG. Keene & Associates Inc. boosted its position in Cheniere Energy by 3.8% during the first quarter. Keene & Associates Inc. now owns 1,798 shares of the energy company’s stock worth $290,000 after purchasing an additional 65 shares in the last quarter. Signature Wealth Management Group raised its stake in shares of Cheniere Energy by 1.4% during the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock worth $832,000 after buying an additional 66 shares during the period. Capital Advisors Ltd. LLC lifted its position in shares of Cheniere Energy by 57.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock valued at $33,000 after buying an additional 68 shares in the last quarter. E&G Advisors LP grew its stake in Cheniere Energy by 5.2% in the 1st quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock valued at $229,000 after acquiring an additional 70 shares during the period. Finally, Syon Capital LLC grew its stake in Cheniere Energy by 4.7% in the 4th quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after acquiring an additional 73 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Cheniere Energy Trading Up 0.7 %

LNG opened at $185.26 on Friday. The firm has a market capitalization of $41.92 billion, a price-to-earnings ratio of 9.02 and a beta of 0.96. The company’s 50 day simple moving average is $178.72 and its two-hundred day simple moving average is $165.32. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $187.44. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, beating the consensus estimate of $1.71 by $2.13. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The business’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter last year, the firm earned $5.61 earnings per share. Analysts expect that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

Cheniere Energy announced that its Board of Directors has initiated a share buyback plan on Monday, June 17th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the energy company to buy up to 9.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders 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 annualized dividend and a dividend yield of 0.94%. Cheniere Energy’s dividend payout ratio is presently 8.48%.

Cheniere Energy 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.