Sigma Planning Corp Has $857,000 Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Sigma Planning Corp increased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 7.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,705 shares of the energy company’s stock after purchasing an additional 256 shares during the period. Sigma Planning Corp’s holdings in Cheniere Energy were worth $857,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Cheniere Energy during the fourth quarter valued at approximately $629,197,000. Two Sigma Advisers LP lifted its position in Cheniere Energy by 84.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company’s stock worth $354,858,000 after purchasing an additional 756,900 shares during the period. Invesco Ltd. lifted its position in Cheniere Energy by 16.1% during the fourth quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company’s stock worth $695,599,000 after purchasing an additional 450,031 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Cheniere Energy by 10.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company’s stock worth $886,664,000 after acquiring an additional 379,142 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Cheniere Energy by 25,232.4% in the first quarter. GAMMA Investing LLC now owns 342,241 shares of the energy company’s stock valued at $79,195,000 after buying an additional 340,890 shares during the period. Institutional investors own 87.26% of the company’s stock.

Insider Buying and Selling

In other news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the transaction, the director owned 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 filing with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Cheniere Energy Price Performance

LNG stock opened at $231.99 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19. Cheniere Energy, Inc. has a 52 week low of $167.66 and a 52 week high of $257.65. The firm’s fifty day moving average is $235.66 and its 200 day moving average is $228.84. The firm has a market cap of $51.45 billion, a P/E ratio of 16.97 and a beta of 0.42.

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

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.86%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.63%.

Analysts Set New Price Targets

Several brokerages have recently commented on LNG. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Wednesday, June 25th. Wall Street Zen cut Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. Raymond James Financial reiterated a “strong-buy” rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price objective on Cheniere Energy from $252.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, April 28th. Finally, Wolfe Research lowered Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.36.

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.