Cheniere Energy, Inc. (NYSE:LNG) Stake Trimmed by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 115,895 shares of the energy company’s stock after selling 3,096 shares during the period. Cheniere Energy accounts for approximately 3.9% of Beach Investment Counsel Inc. PA’s portfolio, making the stock its 6th biggest position. Beach Investment Counsel Inc. PA owned about 0.05% of Cheniere Energy worth $26,818,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LNG. WR Wealth Planners LLC raised its holdings in shares of Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after acquiring an additional 97 shares during the period. REAP Financial Group LLC raised its holdings in shares of Cheniere Energy by 150.0% during the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock worth $27,000 after acquiring an additional 75 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cheniere Energy during the 4th quarter worth $29,000. Banque Transatlantique SA purchased a new position in shares of Cheniere Energy during the 4th quarter worth $32,000. Finally, Nemes Rush Group LLC raised its holdings in shares of Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock worth $41,000 after acquiring an additional 182 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE LNG opened at $243.02 on Friday. The company has a market cap of $53.90 billion, a P/E ratio of 17.08 and a beta of 0.43. 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 50-day moving average of $229.40 and a two-hundred day moving average of $224.86. Cheniere Energy, Inc. has a 1-year low of $154.82 and a 1-year high of $257.65.

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

Cheniere Energy Dividend Announcement

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

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the transaction, the director now directly owns 29,733 shares of the company’s stock, valued at $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Mizuho lifted their price target on Cheniere Energy from $248.00 to $254.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. Scotiabank reduced their price target on Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 29th. TD Cowen lifted their price target on Cheniere Energy from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, May 9th. UBS Group restated a “buy” rating and issued a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. Finally, Raymond James restated a “strong-buy” rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Two 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.