Sentry Investment Management LLC Has $347,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Sentry Investment Management LLC cut its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 23.0% during the first quarter, Holdings Channel.com reports. The fund owned 1,501 shares of the energy company’s stock after selling 449 shares during the period. Sentry Investment Management LLC’s holdings in Cheniere Energy were worth $347,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. BIP Wealth LLC lifted its stake in shares of Cheniere Energy by 1.4% in the 4th quarter. BIP Wealth LLC now owns 3,545 shares of the energy company’s stock valued at $762,000 after purchasing an additional 50 shares during the period. Glen Eagle Advisors LLC increased its holdings in Cheniere Energy by 3.7% in the fourth quarter. Glen Eagle Advisors LLC now owns 1,488 shares of the energy company’s stock valued at $320,000 after purchasing an additional 53 shares during the last quarter. NDVR Inc. lifted its stake in Cheniere Energy by 4.8% in the fourth quarter. NDVR Inc. now owns 1,188 shares of the energy company’s stock valued at $255,000 after buying an additional 54 shares during the period. Larson Financial Group LLC lifted its stake in Cheniere Energy by 1.7% in the fourth quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company’s stock valued at $719,000 after buying an additional 55 shares during the period. Finally, American Money Management LLC boosted its holdings in Cheniere Energy by 0.5% during the fourth quarter. American Money Management LLC now owns 10,987 shares of the energy company’s stock worth $2,361,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of recent analyst reports. Scotiabank lowered their price target on 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. Raymond James reaffirmed a “strong-buy” rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Bank of America increased their target price on shares of Cheniere Energy from $254.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. UBS Group reissued a “buy” rating and issued a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Finally, Stifel Nicolaus lowered their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $252.23.

Cheniere Energy Price Performance

LNG stock opened at $243.24 on Tuesday. The stock has a 50-day moving average price of $228.25 and a two-hundred day moving average price of $224.22. Cheniere Energy, Inc. has a 1 year low of $154.82 and a 1 year high of $257.65. The stock has a market cap of $53.95 billion, a PE ratio of 17.09 and a beta of 0.41. 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 (NYSE:LNG) last announced its earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $4.73 billion. During the same quarter in the previous year, the company posted $2.13 EPS. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. Equities analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Friday, May 9th were paid a $0.50 dividend. The ex-dividend date was Friday, May 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. Cheniere Energy’s dividend payout ratio is presently 14.63%.

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.