Raleigh Capital Management Inc. Has $156,000 Position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Posted by Defense World Staff on Sep 15th, 2023

Raleigh Capital Management Inc. lifted its position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Free Report) by 12.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 989 shares of the energy company’s stock after buying an additional 107 shares during the period. Raleigh Capital Management Inc.’s holdings in Cheniere Energy were worth $156,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in Cheniere Energy by 5.6% during the 1st quarter. BlackRock Inc. now owns 22,604,099 shares of the energy company’s stock worth $3,562,406,000 after purchasing an additional 1,200,755 shares in the last quarter. Vanguard Group Inc. increased its stake in 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 purchasing an additional 223,024 shares in the last quarter. FMR LLC increased its stake in Cheniere Energy by 1.7% during the 1st quarter. FMR LLC now owns 11,260,165 shares of the energy company’s stock worth $1,774,602,000 after purchasing an additional 188,649 shares in the last quarter. State Street Corp increased its holdings in Cheniere Energy by 13.6% during the 1st quarter. State Street Corp now owns 6,934,156 shares of the energy company’s stock worth $961,421,000 after purchasing an additional 830,898 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Cheniere Energy by 9.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,999,035 shares of the energy company’s stock worth $599,695,000 after purchasing an additional 352,284 shares in the last quarter. Institutional investors own 85.86% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSEAMERICAN LNG opened at $165.72 on Friday. The firm has a market cap of $39.88 billion, a P/E ratio of 4.88, a price-to-earnings-growth ratio of 0.32 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 1.25 and a debt-to-equity ratio of 3.60. Cheniere Energy, Inc. has a 1-year low of $135.00 and a 1-year high of $182.35. The business’s 50 day moving average is $153.15 and its 200-day moving average is $152.24.

Cheniere Energy (NYSEAMERICAN:LNG – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported $5.61 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $2.80. Cheniere Energy had a net margin of 28.47% and a return on equity of 481.80%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same period last year, the firm earned $2.90 earnings per share. Cheniere Energy’s revenue for the quarter was down 48.8% compared to the same quarter last year. Equities research analysts predict that Cheniere Energy, Inc. will post 16.79 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Shareholders of record on Wednesday, August 9th were issued a $0.395 dividend. This represents a $1.58 annualized dividend and a yield of 0.95%. The ex-dividend date was Tuesday, August 8th. Cheniere Energy’s dividend payout ratio is currently 4.65%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Cheniere Energy in a research note on Saturday, August 19th. They set a “strong-buy” rating for the company. Bank of America raised their price objective on Cheniere Energy from $172.00 to $194.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company decreased their price objective on Cheniere Energy from $230.00 to $222.00 in a report on Tuesday, August 8th. Capital One Financial initiated coverage on Cheniere Energy in a report on Wednesday, September 6th. They issued an “overweight” rating and a $200.00 price objective for the company. Finally, Mizuho decreased their price objective on Cheniere Energy from $200.00 to $187.00 in a report on Thursday, June 22nd. Twelve equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Buy” and an average price target of $199.86.

Check Out Our Latest Analysis on LNG

Cheniere Energy Company Profile

(Free Report)

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.