Cheniere Energy, Inc. $LNG Shares Sold by Clearstead Trust LLC

Clearstead Trust LLC lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 19.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,882 shares of the energy company’s stock after selling 717 shares during the quarter. Clearstead Trust LLC’s holdings in Cheniere Energy were worth $702,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Allianz SE increased its stake in shares of Cheniere Energy by 127.6% in the second quarter. Allianz SE now owns 2,640 shares of the energy company’s stock worth $643,000 after buying an additional 1,480 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in Cheniere Energy by 3.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 33,522 shares of the energy company’s stock worth $8,163,000 after acquiring an additional 1,028 shares in the last quarter. Bailard Inc. increased its position in shares of Cheniere Energy by 0.7% in the 2nd quarter. Bailard Inc. now owns 6,663 shares of the energy company’s stock worth $1,623,000 after purchasing an additional 49 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Cheniere Energy by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 3,874,796 shares of the energy company’s stock worth $940,578,000 after purchasing an additional 70,475 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Cheniere Energy by 24.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 15,829 shares of the energy company’s stock valued at $3,855,000 after purchasing an additional 3,130 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Down 0.1%

NYSE:LNG opened at $213.40 on Friday. Cheniere Energy, Inc. has a 12-month low of $188.70 and a 12-month high of $257.65. The firm has a market capitalization of $45.93 billion, a P/E ratio of 12.46, a P/E/G ratio of 6.08 and a beta of 0.36. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The business has a 50 day simple moving average of $225.50 and a 200 day simple moving average of $231.93.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $2.75 by $2.00. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.87 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period last year, the company earned $3.93 earnings per share. Equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Friday, November 7th will be given a $0.555 dividend. The ex-dividend date is Friday, November 7th. This represents a $2.22 annualized dividend and a yield of 1.0%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s payout ratio is 12.37%.

Wall Street Analyst Weigh In

LNG has been the subject of several research analyst reports. Scotiabank lowered their price objective on Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating for the company in a report on Thursday. BMO Capital Markets began coverage on Cheniere Energy in a research report on Friday, September 19th. They issued an “outperform” rating and a $268.00 target price for the company. Jefferies Financial Group set a $290.00 price target on Cheniere Energy in a research report on Thursday, October 30th. Erste Group Bank cut Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $268.47.

Insider Transactions at Cheniere Energy

In other news, Director W Benjamin Moreland bought 5,000 shares of Cheniere Energy stock in a transaction on Tuesday, November 4th. The stock was purchased at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the purchase, the director directly owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. This trade represents a 102.97% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.26% of the stock is owned by insiders.

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.