Stableford Capital II LLC Buys Shares of 2,838 Cheniere Energy, Inc. (NYSE:LNG)

Stableford Capital II LLC bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 1st quarter, HoldingsChannel.com reports. The firm bought 2,838 shares of the energy company’s stock, valued at approximately $657,000.

Several other large investors also recently added to or reduced their stakes in LNG. Brighton Jones LLC acquired a new stake in Cheniere Energy during the 4th quarter valued at $335,000. CIBC Asset Management Inc raised its stake in Cheniere Energy by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 16,170 shares of the energy company’s stock valued at $3,474,000 after purchasing an additional 673 shares during the period. Truist Financial Corp raised its stake in Cheniere Energy by 1.6% during the 4th quarter. Truist Financial Corp now owns 29,029 shares of the energy company’s stock valued at $6,237,000 after purchasing an additional 446 shares during the period. D.A. Davidson & CO. raised its stake in Cheniere Energy by 6.6% during the 4th quarter. D.A. Davidson & CO. now owns 9,964 shares of the energy company’s stock valued at $2,141,000 after purchasing an additional 619 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Cheniere Energy by 1,217.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,304 shares of the energy company’s stock valued at $280,000 after purchasing an additional 1,205 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Down 0.4%

NYSE LNG opened at $235.09 on Friday. Cheniere Energy, Inc. has a 1-year low of $160.75 and a 1-year high of $257.65. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $52.14 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 4.90 and a beta of 0.43. The firm’s fifty day simple moving average is $233.32 and its 200-day simple moving average is $225.58.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.13 earnings per share. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, August 8th. Cheniere Energy’s dividend payout ratio is presently 14.63%.

Insider Buying and Selling

In related news, Director Neal A. Shear sold 4,300 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the sale, the director now directly owns 29,733 shares in the company, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. TD Cowen boosted their target price on shares of Cheniere Energy from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, May 9th. UBS Group reissued a “buy” rating and set a $277.00 target price on shares of Cheniere Energy in a research note on Tuesday, March 18th. Scotiabank dropped 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. JPMorgan Chase & Co. upped their price target on shares of Cheniere Energy from $252.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, April 28th. Finally, Argus assumed coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price target on the stock. Two 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 data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus target price 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.