Tortoise Capital Advisors L.L.C. Has $566.96 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 9.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,242,899 shares of the energy company’s stock after buying an additional 273,588 shares during the period. Cheniere Energy comprises about 7.5% of Tortoise Capital Advisors L.L.C.’s portfolio, making the stock its 4th biggest holding. Tortoise Capital Advisors L.L.C. owned about 1.42% of Cheniere Energy worth $566,956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Savant Capital LLC lifted its stake in Cheniere Energy by 40.4% in the 2nd quarter. Savant Capital LLC now owns 9,860 shares of the energy company’s stock valued at $1,724,000 after purchasing an additional 2,837 shares during the last quarter. Palmer Knight Co bought a new stake in Cheniere Energy during the 2nd quarter worth $215,000. Wellington Shields Capital Management LLC grew its position in Cheniere Energy by 8.9% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 7,461 shares of the energy company’s stock worth $1,304,000 after acquiring an additional 611 shares during the last quarter. Hourglass Capital LLC acquired a new position in Cheniere Energy in the 2nd quarter worth about $1,851,000. Finally, MCF Advisors LLC bought a new position in Cheniere Energy in the second quarter valued at about $26,000. 87.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LNG has been the topic of several research reports. Sanford C. Bernstein started coverage on Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating on the stock. 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 report on Wednesday, July 17th. JPMorgan Chase & Co. boosted their price objective on shares of Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Stifel Nicolaus lowered their target price 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. Finally, TD Cowen raised 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. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $196.00.

Cheniere Energy Stock Down 0.4 %

Cheniere Energy stock opened at $180.64 on Friday. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $187.44. The firm has a market capitalization of $41.35 billion, a price-to-earnings ratio of 8.80 and a beta of 0.95. The firm’s fifty day moving average price is $179.85 and its two-hundred day moving average price is $166.12. 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 released its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, beating 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 firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period last year, the firm earned $5.61 earnings per share. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. On average, equities research analysts predict that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy declared that its board has authorized a share repurchase plan on Monday, June 17th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the energy company to repurchase up to 9.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were paid a $0.435 dividend. 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 (DPR) 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.