Gunderson Capital Management Inc. acquired a new position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) in the 2nd quarter, Holdings Channel reports. The fund acquired 51,065 shares of the energy company's stock, valued at approximately $6,793,000. Cheniere Energy makes up about 5.8% of Gunderson Capital Management Inc.'s portfolio, making the stock its 7th biggest holding.
Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Cheniere Energy by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 21,330,395 shares of the energy company's stock worth $2,957,460,000 after buying an additional 223,024 shares during the last quarter. State Street Corp raised its position in Cheniere Energy by 13.6% in the 1st quarter. State Street Corp now owns 6,934,156 shares of the energy company's stock valued at $961,421,000 after purchasing an additional 830,898 shares during the last quarter. JPMorgan Chase & Co. raised its position in Cheniere Energy by 145.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,423,223 shares of the energy company's stock valued at $474,631,000 after purchasing an additional 2,027,899 shares during the last quarter. Invesco Ltd. raised its position in Cheniere Energy by 50.9% in the 1st quarter. Invesco Ltd. now owns 3,151,919 shares of the energy company's stock valued at $437,015,000 after purchasing an additional 1,063,577 shares during the last quarter. Finally, CI Investments Inc. raised its position in Cheniere Energy by 0.3% in the 1st quarter. CI Investments Inc. now owns 3,058,688 shares of the energy company's stock valued at $424,087,000 after purchasing an additional 10,353 shares during the last quarter. Hedge funds and other institutional investors own 88.17% of the company's stock.
Get Cheniere Energy alerts:Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Raymond James upped their price target on shares of Cheniere Energy from $175.00 to $178.00 and gave the company a "strong-buy" rating in a research report on Friday, August 5th. Barclays upped their price target on shares of Cheniere Energy from $160.00 to $186.00 and gave the company an "overweight" rating in a research report on Tuesday, August 16th. The Goldman Sachs Group restated a "buy" rating on shares of Cheniere Energy in a research report on Thursday, September 15th. Stifel Nicolaus upped their price objective on shares of Cheniere Energy from $159.00 to $201.00 and gave the stock a "buy" rating in a research report on Monday, September 19th. Finally, Royal Bank of Canada upped their price objective on shares of Cheniere Energy from $184.00 to $199.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 14th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of "Buy" and a consensus target price of $179.91.
Insider Transactions at Cheniere Energy
In related news, SVP Aaron D. Stephenson sold 3,000 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $168.21, for a total value of $504,630.00. Following the sale, the senior vice president now directly owns 56,016 shares of the company's stock, valued at approximately $9,422,451.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.66% of the company's stock.Cheniere Energy Stock Performance
Shares of NYSEAMERICAN:LNG traded up $2.28 on Tuesday, reaching $169.61. 18,763 shares of the company were exchanged, compared to its average volume of 2,426,317. The company has a quick ratio of 0.93, a current ratio of 1.08 and a debt-to-equity ratio of 24.30. Cheniere Energy, Inc. has a 1-year low of $97.00 and a 1-year high of $178.62. The stock has a market cap of $42.37 billion, a PE ratio of -18.09 and a beta of 1.26.
Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The energy company reported $2.90 earnings per share for the quarter, topping analysts' consensus estimates of $2.83 by $0.07. Cheniere Energy had a negative net margin of 14.77% and a positive return on equity of 30.72%. The business had revenue of $8.01 billion for the quarter, compared to analysts' expectations of $6.42 billion. During the same period in the prior year, the company posted ($1.30) EPS. The business's revenue for the quarter was up 165.4% on a year-over-year basis. Analysts expect that Cheniere Energy, Inc. will post 10.91 earnings per share for the current fiscal year.
Cheniere Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 16th. Stockholders of record on Tuesday, November 8th will be paid a dividend of $0.395 per share. The ex-dividend date is Monday, November 7th. This is a boost from Cheniere Energy's previous quarterly dividend of $0.33. This represents a $1.58 dividend on an annualized basis and a dividend yield of 0.93%. Cheniere Energy's dividend payout ratio is -14.27%.
Cheniere Energy Profile
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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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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.
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