J2 Capital Management Inc Invests $444,000 in Cheniere Energy, Inc. (NYSE:LNG)

J2 Capital Management Inc bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,066 shares of the energy company's stock, valued at approximately $444,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy in the third quarter valued at $27,000. Capital Performance Advisors LLP purchased a new stake in Cheniere Energy during the 3rd quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in Cheniere Energy in the 2nd quarter valued at about $30,000. ORG Wealth Partners LLC acquired a new stake in Cheniere Energy in the 3rd quarter valued at about $53,000. Finally, Mattson Financial Services LLC purchased a new position in shares of Cheniere Energy in the 2nd quarter valued at about $63,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LNG. Royal Bank of Canada raised their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. UBS Group raised their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a report on Friday, November 15th. Scotiabank started coverage on shares of Cheniere Energy in a research note on Friday, January 10th. They set a "sector outperform" rating and a $242.00 target price for the company. Barclays raised their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Bank of America initiated coverage on Cheniere Energy in a report on Thursday, October 17th. They set a "buy" rating and a $215.00 price target for the company. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $231.18.

Cheniere Energy Stock Performance

Shares of LNG traded down $0.96 during mid-day trading on Friday, reaching $252.70. 2,454,749 shares of the company's stock were exchanged, compared to its average volume of 1,232,545. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The stock has a market capitalization of $56.70 billion, a PE ratio of 16.14 and a beta of 0.99. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65. The business's fifty day simple moving average is $219.76 and its 200-day simple moving average is $195.63.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.76 billion. During the same quarter in the previous year, the firm posted $2.37 EPS. The firm's quarterly revenue was down 9.5% on a year-over-year basis. On average, equities research analysts expect that Cheniere Energy, Inc. will post 12.66 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.79%. Cheniere Energy's dividend payout ratio (DPR) is 12.77%.

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.