Emerald Mutual Fund Advisers Trust Has $245,000 Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Emerald Mutual Fund Advisers Trust grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 64.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,401 shares of the energy company’s stock after purchasing an additional 551 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Cheniere Energy were worth $245,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Cheniere Energy during the 4th quarter worth about $308,910,000. TD Asset Management Inc increased its position in shares of Cheniere Energy by 231.8% in the first quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock valued at $215,914,000 after acquiring an additional 935,239 shares during the last quarter. Zimmer Partners LP raised its holdings in Cheniere Energy by 61.4% during the first quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock worth $197,201,000 after acquiring an additional 465,000 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in Cheniere Energy during the first quarter valued at approximately $70,682,000. Finally, BROOKFIELD Corp ON grew its stake in Cheniere Energy by 30.4% in the first quarter. BROOKFIELD Corp ON now owns 1,593,308 shares of the energy company’s stock valued at $256,969,000 after purchasing an additional 371,061 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Barclays increased their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating for the company. TD Cowen upped their target price on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, Stifel Nicolaus reduced their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.00.

Cheniere Energy Stock Down 0.4 %

Cheniere Energy stock opened at $180.64 on Friday. The company’s 50-day moving average price is $179.85 and its two-hundred day moving average price is $166.15. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. The stock has a market cap of $41.35 billion, a P/E ratio of 8.80 and a beta of 0.95. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $187.44.

Cheniere Energy (NYSE:LNG) last posted its 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 company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.52 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The firm’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.61 earnings per share. As a group, analysts expect that Cheniere Energy, Inc. will post 9.74 EPS for the current year.

Cheniere Energy announced that its board has initiated a share buyback 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Cheniere Energy Announces Dividend

The company also recently announced 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. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, August 9th. Cheniere Energy’s dividend payout ratio is currently 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.