Redwood Investment Management LLC Sells 1,599 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Redwood Investment Management LLC cut its position in Cheniere Energy, Inc. (NYSE:LNG) by 19.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,649 shares of the energy company’s stock after selling 1,599 shares during the period. Redwood Investment Management LLC’s holdings in Cheniere Energy were worth $1,429,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Brookstone Capital Management lifted its position in Cheniere Energy by 13.4% in the 4th quarter. Brookstone Capital Management now owns 1,875 shares of the energy company’s stock valued at $403,000 after acquiring an additional 221 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Cheniere Energy by 2.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 2,590 shares of the energy company’s stock worth $557,000 after purchasing an additional 74 shares during the last quarter. Pines Wealth Management LLC bought a new position in shares of Cheniere Energy during the fourth quarter valued at $358,000. Kathmere Capital Management LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at $245,000. Finally, Park Avenue Securities LLC increased its holdings in Cheniere Energy by 35.9% in the 4th quarter. Park Avenue Securities LLC now owns 5,206 shares of the energy company’s stock worth $1,119,000 after buying an additional 1,374 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. This trade represents a 20.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.

Cheniere Energy Stock Up 1.1%

NYSE LNG opened at $235.72 on Friday. Cheniere Energy, Inc. has a 52 week low of $153.03 and a 52 week high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $52.28 billion, a P/E ratio of 16.57 and a beta of 0.41. The stock’s 50-day moving average price is $226.09 and its 200-day moving average price is $221.12.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Cheniere Energy’s revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.13 EPS. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Friday, May 9th will be given a $0.50 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. Cheniere Energy’s payout ratio is 14.63%.

Analyst Ratings Changes

Several research firms have issued reports on LNG. Stifel Nicolaus lowered their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley increased their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. UBS Group reaffirmed a “buy” rating and issued a $277.00 target price on shares of Cheniere Energy in a research report on Tuesday, March 18th. Scotiabank decreased their target price on shares of Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 29th. Finally, Raymond James restated a “strong-buy” rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $252.23.

Cheniere Energy Profile

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.