First Hawaiian Bank Trims Stake in Cheniere Energy, Inc. (NYSE:LNG)

First Hawaiian Bank lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 5.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,363 shares of the energy company’s stock after selling 713 shares during the quarter. First Hawaiian Bank’s holdings in Cheniere Energy were worth $2,629,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB lifted its stake in Cheniere Energy by 100.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the energy company’s stock valued at $55,000 after buying an additional 120 shares in the last quarter. Fire Capital Management LLC acquired a new position in Cheniere Energy in the 4th quarter valued at $1,070,000. Objective Capital Management LLC raised its holdings in Cheniere Energy by 8.6% in the 4th quarter. Objective Capital Management LLC now owns 1,851 shares of the energy company’s stock valued at $398,000 after acquiring an additional 147 shares during the last quarter. 111 Capital acquired a new position in Cheniere Energy in the 4th quarter valued at $996,000. Finally, Thoma Capital Management LLC acquired a new position in Cheniere Energy in the 4th quarter valued at $680,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.7%

Shares of Cheniere Energy stock opened at $232.08 on Friday. The company has a fifty day moving average price of $227.93 and a 200 day moving average price of $223.66. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a twelve month low of $153.58 and a twelve month high of $257.65. The stock has a market cap of $51.47 billion, a price-to-earnings ratio of 16.31 and a beta of 0.41.

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

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Friday, May 9th were given a dividend of $0.50 per share. The ex-dividend date was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.86%. Cheniere Energy’s dividend payout ratio (DPR) is 14.63%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LNG shares. Morgan Stanley boosted their price target on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Argus started coverage on Cheniere Energy in a report on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price target for the company. Raymond James reiterated a “strong-buy” rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Wall Street Zen downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a report on Friday, May 9th. Finally, UBS Group reiterated a “buy” rating and issued a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $252.23.

Cheniere Energy Company 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.