Legacy Trust Decreases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Legacy Trust trimmed its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,159 shares of the energy company’s stock after selling 165 shares during the period. Cheniere Energy accounts for 2.2% of Legacy Trust’s holdings, making the stock its 11th biggest position. Legacy Trust’s holdings in Cheniere Energy were worth $9,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WR Wealth Planners LLC lifted its holdings in Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after purchasing an additional 97 shares in the last quarter. REAP Financial Group LLC lifted its holdings in Cheniere Energy by 150.0% during the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Cheniere Energy during the fourth quarter valued at $29,000. Banque Transatlantique SA purchased a new position in Cheniere Energy during the fourth quarter valued at $32,000. Finally, Ameriflex Group Inc. purchased a new position in Cheniere Energy during the fourth quarter valued at $42,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

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 shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the sale, the director now directly owns 29,733 shares in the company, valued at $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LNG shares. Raymond James reissued a “strong-buy” rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. TD Cowen raised their price target on shares of Cheniere Energy from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Scotiabank decreased their price target on shares of Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 29th. UBS Group reissued a “buy” rating and issued a $277.00 price target on shares of Cheniere Energy in a research note on Tuesday, March 18th. Finally, Stifel Nicolaus decreased their price target 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. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus target price of $252.23.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $234.76 on Friday. Cheniere Energy, Inc. has a 12-month low of $154.82 and a 12-month high of $257.65. The stock has a market cap of $52.07 billion, a P/E ratio of 16.50 and a beta of 0.43. The company has a 50-day moving average price of $230.91 and a 200 day moving average price of $225.12. 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 released its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share (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 firm 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 business posted $2.13 earnings per share. Cheniere Energy’s revenue for the quarter was up 28.0% on a year-over-year basis. Sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Friday, May 9th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, May 9th. 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.