Teilinger Capital Ltd. Invests $7.87 Million in Cheniere Energy, Inc. (NYSE:LNG)

Teilinger Capital Ltd. bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the second quarter, HoldingsChannel.com reports. The fund bought 45,000 shares of the energy company’s stock, valued at approximately $7,867,000. Cheniere Energy accounts for approximately 3.4% of Teilinger Capital Ltd.’s investment portfolio, making the stock its 10th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MCF Advisors LLC purchased a new position in shares of Cheniere Energy in the 2nd quarter worth $26,000. Lynx Investment Advisory purchased a new position in Cheniere Energy in the second quarter worth about $27,000. Crewe Advisors LLC bought a new stake in Cheniere Energy during the first quarter worth approximately $26,000. Cooksen Wealth LLC purchased a new stake in Cheniere Energy during the fourth quarter valued at approximately $28,000. Finally, Riverview Trust Co bought a new stake in shares of Cheniere Energy in the 1st quarter valued at approximately $29,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 1.0 %

NYSE LNG opened at $179.05 on Friday. The stock has a market cap of $40.51 billion, a PE ratio of 8.72 and a beta of 0.95. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $187.44. The company’s 50-day moving average price is $180.24 and its 200-day moving average price is $166.86. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $2.13. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the prior year, the firm earned $5.61 EPS. The company’s revenue for the quarter was down 19.6% compared to the same quarter last year. Equities research analysts forecast that Cheniere Energy, Inc. will post 9.74 earnings per share for the current year.

Cheniere Energy declared that its board has initiated a share repurchase program on Monday, June 17th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the energy company to reacquire up to 9.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were issued a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.74 annualized dividend and a yield of 0.97%. Cheniere Energy’s payout ratio is currently 8.48%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. TD Cowen boosted their target price on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Stifel Nicolaus cut their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating for the company. Finally, Barclays lifted their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.25.

About Cheniere Energy

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.