Hohimer Wealth Management LLC Invests $834,000 in Cheniere Energy, Inc. (NYSE:LNG)

Hohimer Wealth Management LLC bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,604 shares of the energy company's stock, valued at approximately $834,000.

Several other hedge funds also recently bought and sold shares of LNG. REAP Financial Group LLC lifted 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 acquiring an additional 75 shares during the period. Banque Transatlantique SA acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $32,000. Cooksen Wealth LLC acquired a new position in shares of Cheniere Energy in the 1st quarter valued at $38,000. Nemes Rush Group LLC grew its stake 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 period. Finally, Ameriflex Group Inc. acquired a new stake in shares of Cheniere Energy during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock traded up $6.48 during midday trading on Monday, hitting $241.71. The company had a trading volume of 1,445,351 shares, compared to its average volume of 2,118,144. The stock has a market cap of $53.61 billion, a PE ratio of 17.68 and a beta of 0.42. Cheniere Energy, Inc. has a 1-year low of $167.66 and a 1-year high of $257.65. The business's 50 day simple moving average is $235.79 and its two-hundred day simple moving average is $228.42. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06.

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 (EPS) for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The firm 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 firm earned $2.13 earnings per share. The company's revenue was up 28.0% on a year-over-year basis. As a group, equities analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.83%. Cheniere Energy's dividend payout ratio is currently 14.63%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LNG shares. JPMorgan Chase & Co. increased their target price on shares of Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Stifel Nicolaus dropped their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Raymond James Financial restated a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Wells Fargo & Company set a $267.00 price target on Cheniere Energy and gave the company an "overweight" rating in a report on Wednesday, June 25th. Finally, Cowen reissued a "buy" rating on shares of Cheniere Energy in a research report on Wednesday, June 25th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $258.36.

Insider Activity

In related news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the sale, the director owned 29,733 shares in the company, valued at $7,312,236.69. This trade represents a 12.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.26% of the company's stock.

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.