Cheniere Energy, Inc. $LNG Shares Bought by Estate Counselors LLC

Estate Counselors LLC lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,890 shares of the energy company’s stock after buying an additional 175 shares during the quarter. Estate Counselors LLC’s holdings in Cheniere Energy were worth $3,214,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LNG. Brighton Jones LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter worth about $335,000. Natixis grew its holdings in shares of Cheniere Energy by 200.9% in the fourth quarter. Natixis now owns 7,708 shares of the energy company’s stock valued at $1,656,000 after purchasing an additional 5,146 shares in the last quarter. MML Investors Services LLC increased its stake in Cheniere Energy by 7.2% during the 4th quarter. MML Investors Services LLC now owns 51,592 shares of the energy company’s stock worth $11,086,000 after buying an additional 3,468 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Cheniere Energy by 929.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,450 shares of the energy company’s stock worth $741,000 after buying an additional 3,115 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in Cheniere Energy by 7.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 13,388 shares of the energy company’s stock worth $2,877,000 after buying an additional 964 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the business’s stock in a transaction that occurred on 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 sale, the director owned 29,733 shares in the company, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $235.8180 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 52 week low of $175.14 and a 52 week high of $257.65. The firm’s 50 day moving average is $234.66 and its two-hundred day moving average is $228.98. The firm has a market capitalization of $51.83 billion, a P/E ratio of 13.77 and a beta of 0.43.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping the consensus estimate of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period last year, the business earned $3.84 EPS. Cheniere Energy’s revenue for the quarter was up 42.8% compared to the same quarter last year. Research 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, August 18th. Investors of record on Friday, August 8th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio is 11.68%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the stock a “buy” rating in a research note on Thursday, June 26th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. JPMorgan Chase & Co. lifted their price objective on Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. Finally, Wells Fargo & Company boosted their price objective on Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Cheniere Energy has an average rating of “Buy” and a consensus target price of $261.93.

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.