7,407 Shares in Cheniere Energy, Inc. (NYSE:LNG) Purchased by Sciencast Management LP

Sciencast Management LP acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 7,407 shares of the energy company’s stock, valued at approximately $1,195,000.

A number of other hedge funds have also modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Cheniere Energy during the first quarter worth about $2,821,000. Oxbow Advisors LLC bought a new position in Cheniere Energy in the first quarter valued at approximately $3,768,000. Commerce Bank grew its stake in Cheniere Energy by 6.5% in the first quarter. Commerce Bank now owns 111,779 shares of the energy company’s stock valued at $18,028,000 after purchasing an additional 6,811 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in Cheniere Energy by 103.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock valued at $5,093,000 after purchasing an additional 16,044 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Cheniere Energy in the first quarter valued at approximately $296,000. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Stifel Nicolaus raised their price target on Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, May 6th. UBS Group decreased their price target on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. StockNews.com downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Sanford C. Bernstein started coverage on Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating for the company. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus price target of $198.64.

Cheniere Energy Stock Performance

NYSE:LNG traded up $1.15 during mid-day trading on Friday, hitting $177.56. 1,405,716 shares of the stock were exchanged, compared to its average volume of 1,929,349. The stock has a market cap of $40.65 billion, a PE ratio of 8.65 and a beta of 0.96. The stock’s 50-day moving average price is $162.92. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.98 and a quick ratio of 0.92. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $183.46.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The business’s revenue for the quarter was down 41.8% on a year-over-year basis. During the same period in the previous year, the business posted $6.89 earnings per share. On average, analysts predict that Cheniere Energy, Inc. will post 8.33 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 9th will be issued a $0.435 dividend. The ex-dividend date is Friday, August 9th. This represents a $1.74 annualized dividend and a yield of 0.98%. Cheniere Energy’s dividend payout ratio 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.