Cheniere Energy, Inc. $LNG Stock Position Lowered by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. reduced its stake in Cheniere Energy, Inc. by 19.8%, now owning 0.07% of the company, valued at approximately $34.36 million.
• Cheniere Energy reported a significant earnings beat with EPS of $7.30 for the latest quarter, surpassing analyst expectations of $2.35.
• The company recently paid a quarterly dividend of $0.50 per share, indicating a 0.8% yield and a payout ratio of 11.68%.

1832 Asset Management L.P. lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 19.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 148,479 shares of the energy company's stock after selling 36,602 shares during the period. 1832 Asset Management L.P. owned about 0.07% of Cheniere Energy worth $34,358,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LNG. REAP Financial Group LLC raised its position in Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after purchasing an additional 75 shares during the period. Banque Transatlantique SA purchased a new position in shares of Cheniere Energy in the fourth quarter valued at $32,000. Cooksen Wealth LLC acquired a new stake in Cheniere Energy during the 1st quarter valued at $38,000. Ameriflex Group Inc. purchased a new stake in Cheniere Energy during the 4th quarter worth $42,000. Finally, Tsfg LLC lifted its holdings in Cheniere Energy by 676.0% in the 1st quarter. Tsfg LLC now owns 194 shares of the energy company's stock worth $45,000 after buying an additional 169 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of analyst reports. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. Wells Fargo & Company raised their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Bank of America lifted their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, Barclays restated an "overweight" rating and set a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Cheniere Energy presently has a consensus rating of "Buy" and a consensus target price of $261.93.

Cheniere Energy Stock Performance

LNG stock traded up $0.46 during mid-day trading on Thursday, reaching $242.06. The company had a trading volume of 1,633,456 shares, compared to its average volume of 2,090,712. Cheniere Energy, Inc. has a one year low of $175.14 and a one year high of $257.65. The stock has a market capitalization of $53.20 billion, a P/E ratio of 14.13 and a beta of 0.43. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The stock's 50-day simple moving average is $235.11 and its two-hundred day simple moving average is $229.50.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.84 EPS. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were given a dividend of $0.50 per share. The ex-dividend date was Friday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Cheniere Energy's payout ratio is currently 11.68%.

Insider Transactions at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of the firm'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 sale, the director directly owned 29,733 shares in the company, valued at $7,312,236.69. This trade represents a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by company 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.