Cheniere Energy, Inc. (NYSE:LNG) Director Sells $1,057,499.00 in Stock

Cheniere Energy, Inc. (NYSE:LNG - Get Free Report) Director Neal A. Shear sold 4,300 shares of the stock in a transaction that occurred 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 transaction, the director now owns 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Cheniere Energy Stock Performance

Cheniere Energy stock traded down $0.87 during midday trading on Friday, reaching $243.02. 2,171,270 shares of the stock traded hands, compared to its average volume of 1,881,151. Cheniere Energy, Inc. has a fifty-two week low of $154.82 and a fifty-two week high of $257.65. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a market cap of $53.90 billion, a price-to-earnings ratio of 17.08 and a beta of 0.43. The firm has a fifty day moving average price of $229.15 and a two-hundred day moving average price of $224.67.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly 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 net margin of 20.71% and a return on equity of 37.19%. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period last year, the firm posted $2.13 EPS. The business's quarterly revenue was up 28.0% on a year-over-year basis. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Friday, May 9th were given a $0.50 dividend. The ex-dividend date was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. Cheniere Energy's dividend payout ratio is presently 14.63%.

Hedge Funds Weigh In On Cheniere Energy

Large investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Cheniere Energy in the fourth quarter valued at approximately $629,197,000. Nuveen LLC acquired a new stake in Cheniere Energy in the first quarter worth approximately $294,793,000. Two Sigma Advisers LP lifted its position in Cheniere Energy by 84.6% in 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. Raymond James Financial Inc. bought a new position in Cheniere Energy during the 4th quarter valued at $130,772,000. Finally, Proficio Capital Partners LLC increased its position in shares of Cheniere Energy by 18,281.6% during the 4th quarter. Proficio Capital Partners LLC now owns 575,897 shares of the energy company's stock valued at $123,743,000 after purchasing an additional 572,764 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Analysts Set New Price Targets

LNG has been the subject of a number of research analyst reports. Raymond James restated a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Mizuho raised their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Argus began coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 target price for the company. UBS Group restated a "buy" rating and issued a $277.00 target price on shares of Cheniere Energy in a research note on Tuesday, March 18th. Finally, Bank of America lifted their price target on Cheniere Energy from $254.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.23.

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.

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