Cheniere Energy, Inc. (NYSE:LNG) short interest fell 8.8% in September

Cheniere Energy, Inc. (NYSE:LNG – Get Free Report ) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 636,600 shares, a decrease of 8.8% from the August 31st total of 698,000 shares. Based on an average daily volume of 139,500 shares, the days-to-cover ratio is currently 4.6 days. About 0.3% of the company’s shares are short-sold.

Cheniere Energy Trading Up 0.8%

Shares of NYSE LNG traded up $1.47 during midday trading on Tuesday, reaching $181.31. The company had a trading volume of 1,279,701 shares, compared to its average volume of 1,795,227. The stock has a market cap of $41.50 billion, a PE ratio of 8.76 and a beta of 0.95. Cheniere Energy has a one year low of $152.31 and a one year high of $187.44. The company’s fifty day moving average price is $180.72 and its 200 day moving average price is $168.91. The company has a quick ratio of 0.93, a current ratio of 1.02, and a debt-to-equity ratio of 2.63.

Cheniere Energy (NYSE:LNG – Get Your Free Report ) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion. On average, equities research analysts anticipate that Cheniere Energy will post 9.74 earnings per share for the current year.

Cheniere Energy increases dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were given a dividend of $0.775 per share. The ex-dividend date was Wednesday, August 7. This represents an annualized dividend of $3.10 and a yield of 1.71%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.62. Cheniere Energy’s dividend payout ratio is currently 8.48%.

Cheniere Energy declared that its board has initiated a stock repurchase plan on Monday, June 17th that permits the company to repurchase $4.00 billion in outstanding shares. This buyback authorization allows the energy company to buy up to 9.6% of its shares through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Hedge funds affect Cheniere energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Signature Wealth Management Group raised its stake in Cheniere Energy by 1.4% during the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock worth $832,000 after acquiring an additional 66 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Cheniere Energy by 57.6% in the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock worth $33,000 after acquiring an additional 68 shares in the last quarter. E&G Advisors LP grew its stake in Cheniere Energy by 5.2% in the first quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock worth $229,000 after acquiring an additional 70 shares in the last quarter. Syon Capital LLC boosted its holdings in shares of Cheniere Energy by 4.7% in the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after acquiring an additional 73 shares during the last quarter. Finally, Accordant Advisory Group Inc raised its stake in Cheniere Energy by 0.4% in the second quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company’s stock worth $3,389,000 after purchasing an additional 76 shares during the last quarter. 87.26% of shares are owned by institutional investors.

Analysts set new price targets

LNG has been the subject of several analyst reports. TD Cowen upped their target price on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating for the company. Barclays boosted their target price on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Finally, Stifel Nicolaus cut their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Moderate Buy” and a consensus price target of $196.25, according to MarketBeat.com.

See our latest LNG research report

About Cheniere Energy

(Get a free report)

Cheniere Energy, Inc, an energy infrastructure company, is primarily engaged in liquefied natural gas (LNG) businesses in the United States. 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 the Creole Trail pipeline, a 94-mile natural gas pipeline that interconnects the Sabine Pass LNG terminal with several interstate and intrastate pipelines; and operates the Corpus Christi Pipeline, a 21.5-mile natural gas pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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