Graybill Wealth Management LTD. Buys New Shares in Cheniere Energy, Inc. (NYSE:LNG)

Graybill Wealth Management LTD. bought a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,689 shares of the energy company's stock, valued at approximately $5,482,000. Cheniere Energy comprises about 1.9% of Graybill Wealth Management LTD.'s investment portfolio, making the stock its 24th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. REAP Financial Group LLC grew its position 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 valued at $27,000 after buying an additional 75 shares during the last quarter. Banque Transatlantique SA bought a new stake in shares of Cheniere Energy during the 4th quarter valued at about $32,000. Cooksen Wealth LLC bought a new stake in shares of Cheniere Energy during the 1st quarter valued at about $38,000. Nemes Rush Group LLC grew its position in shares of Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after buying an additional 182 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of Cheniere Energy during the 4th quarter valued at about $42,000. Institutional investors own 87.26% of the company's stock.

Insider Buying and Selling at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the company'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 sale, the director directly owned 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the company a "buy" rating in a research report on Thursday, June 26th. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday. Finally, Argus started 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. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $260.36.

Cheniere Energy Price Performance

Shares of NYSE:LNG traded down $5.02 during trading on Tuesday, reaching $236.51. The company had a trading volume of 489,383 shares, compared to its average volume of 1,840,301. The firm's fifty day moving average is $235.92 and its 200 day moving average is $228.64. The firm has a market capitalization of $52.45 billion, a PE ratio of 17.30 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. 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 (NYSE:LNG - Get Free Report) last issued 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). The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The company's revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 earnings per share. On average, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, August 8th. Cheniere Energy's dividend payout ratio is currently 14.63%.

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.