Yousif Capital Management LLC Increases Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Yousif Capital Management LLC lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,452 shares of the energy company’s stock after acquiring an additional 79 shares during the quarter. Yousif Capital Management LLC’s holdings in Cheniere Energy were worth $589,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in shares of Cheniere Energy during the 4th quarter valued at $80,000. Stock Yards Bank & Trust Co. purchased a new position in shares of Cheniere Energy in the fourth quarter worth about $208,000. Jennison Associates LLC increased its stake in shares of Cheniere Energy by 3.4% in the fourth quarter. Jennison Associates LLC now owns 1,215,053 shares of the energy company’s stock worth $207,422,000 after purchasing an additional 39,944 shares in the last quarter. Duality Advisers LP bought a new stake in shares of Cheniere Energy in the fourth quarter valued at approximately $1,702,000. Finally, OLD National Bancorp IN purchased a new stake in shares of Cheniere Energy during the 4th quarter valued at approximately $341,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on LNG. TD Cowen reduced their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Redburn Atlantic initiated coverage on Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price objective on the stock. Barclays lifted their target price on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Finally, UBS Group reduced their price objective on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $193.90.

Cheniere Energy Trading Down 1.9 %

LNG opened at $157.54 on Monday. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. The stock has a market cap of $36.34 billion, a PE ratio of 7.67 and a beta of 0.95. The business has a 50-day moving average price of $157.83. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $3.97 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm’s revenue was down 41.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.89 earnings per share. On average, equities research analysts predict that Cheniere Energy, Inc. will post 8.4 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, May 9th. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

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.