Alta Advisers Ltd Buys Shares of 1,237 Cheniere Energy, Inc. (NYSE:LNG)

Alta Advisers Ltd purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,237 shares of the energy company's stock, valued at approximately $286,000.

Other large investors also recently made changes to their positions in the company. REAP Financial Group LLC increased its holdings in shares of Cheniere Energy by 150.0% during the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after purchasing an additional 75 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Cheniere Energy during the fourth quarter worth about $29,000. Banque Transatlantique SA bought a new position in Cheniere Energy during the fourth quarter valued at about $32,000. Ameriflex Group Inc. acquired a new position in Cheniere Energy in the 4th quarter valued at approximately $42,000. Finally, Nemes Rush Group LLC lifted its position in shares of Cheniere Energy by 2,022.2% in the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock worth $41,000 after acquiring an additional 182 shares during the period. Institutional investors own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

LNG has been the topic of a number of research reports. Wells Fargo & Company set a $267.00 price objective on Cheniere Energy and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research note on Wednesday, June 25th. Wall Street Zen cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Mizuho lifted their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Finally, UBS Group reissued a "buy" rating and issued a $277.00 price target on shares of Cheniere Energy in a research report on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.36.

Insider Activity at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of the business's 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 completion of the transaction, the director owned 29,733 shares in the company, valued at $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.26% of the stock is owned by company insiders.

Cheniere Energy Price Performance

Cheniere Energy stock traded up $3.99 on Wednesday, reaching $240.03. The company's stock had a trading volume of 1,864,118 shares, compared to its average volume of 1,847,062. The business's fifty day moving average price is $235.16 and its 200 day moving average price is $226.73. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19. The company has a market cap of $53.24 billion, a price-to-earnings ratio of 17.56 and a beta of 0.42. Cheniere Energy, Inc. has a twelve month low of $167.66 and a twelve month high of $257.65.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the prior year, the firm earned $2.13 earnings per share. The business's quarterly revenue was up 28.0% compared to the same quarter last year. Equities analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.83%. Cheniere Energy's payout ratio is 14.63%.

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.