J2 Capital Management Inc Makes New Investment in Cheniere Energy, Inc. (NYSE:LNG)

J2 Capital Management Inc acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,066 shares of the energy company’s stock, valued at approximately $444,000.

Several other large investors have also recently added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cheniere Energy in the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in Cheniere Energy in the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Cheniere Energy during the second quarter worth approximately $30,000. ORG Wealth Partners LLC purchased a new position in Cheniere Energy during the third quarter worth approximately $53,000. Finally, Mattson Financial Services LLC acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at $63,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

Shares of LNG opened at $252.70 on Friday. The firm has a market cap of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The business’s 50 day moving average is $219.76 and its two-hundred day moving average is $195.48. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.37 earnings per share. Analysts forecast that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.79%. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LNG shares. TD Cowen boosted their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus boosted their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Bank of America assumed coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Barclays boosted their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, The Goldman Sachs Group raised their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average target price of $231.18.

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.