SCP Investment LP bought a new stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,400 shares of the energy company’s stock, valued at approximately $208,000. Cheniere Energy comprises 0.1% of SCP Investment LP’s holdings, making the stock its 22nd biggest position.
Several other institutional investors have also added to or reduced their stakes in the company. Blume Capital Management Inc. bought a new position in Cheniere Energy during the second quarter worth $26,000. Sandy Spring Bank lifted its stake in Cheniere Energy by 46.5% in the second quarter. Sandy Spring Bank now owns 630 shares of the energy company’s stock valued at $54,000 after buying an additional 200 shares during the last quarter. Bessemer Group Inc. lifted its stake in Cheniere Energy by 36.4% in the first quarter. Bessemer Group Inc. now owns 990 shares of the energy company’s stock valued at $71,000 after buying an additional 264 shares during the last quarter. Burleson & Company LLC bought a new stake in Cheniere Energy in the first quarter valued at $72,000. Finally, Zions Bancorporation N.A. lifted its stake in Cheniere Energy by 21.5% in the first quarter. Zions Bancorporation N.A. now owns 1,250 shares of the energy company’s stock valued at $90,000 after buying an additional 221 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.
LNG has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on Cheniere Energy from $95.00 to $112.00 and gave the company an “overweight” rating in a research note on Wednesday. Wolfe Research reissued a “buy” rating and set a $93.00 price target on shares of Cheniere Energy in a report on Friday, July 16th. Raymond James raised their price target on Cheniere Energy from $107.00 to $109.00 and gave the company a “strong-buy” rating in a report on Friday, August 6th. Finally, raised their price target on Cheniere Energy from $95.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, June 22nd. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $93.25.
Cheniere Energy (NYSEAMERICAN:LNG) last released its earnings results on Thursday, August 5th. The energy company reported ($1.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($2.22). The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.20 billion. Cheniere Energy had a positive return on equity of 22.07% and a negative net margin of 5.73%. Cheniere Energy’s revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 earnings per share. As a group, research analysts expect that Cheniere Energy, Inc. will post 4.6 earnings per share for the current year.
The company also recently announced a — dividend, which will be paid on Wednesday, November 17th. Investors of record on Wednesday, November 3rd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, November 2nd.
Cheniere Energy Profile
Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, and develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1983 and is headquartered in Houston, TX.
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