Accordant Advisory Group Inc Cuts Stake in Cheniere Energy, Inc. (NYSE:LNG)

Accordant Advisory Group Inc lowered its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 22.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,917 shares of the energy company's stock after selling 3,098 shares during the period. Cheniere Energy accounts for about 2.5% of Accordant Advisory Group Inc's holdings, making the stock its 16th biggest position. Accordant Advisory Group Inc's holdings in Cheniere Energy were worth $2,526,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. WR Wealth Planners LLC grew its stake in Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after buying an additional 97 shares in the last quarter. REAP Financial Group LLC grew its stake in Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after buying an additional 75 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Cheniere Energy in the 4th quarter worth approximately $29,000. Banque Transatlantique SA purchased a new position in Cheniere Energy in the 4th quarter worth approximately $32,000. Finally, Nemes Rush Group LLC grew its stake in 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 buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Scotiabank lowered their price objective on shares of Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. UBS Group restated a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. Bank of America boosted their price objective on shares of Cheniere Energy from $254.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Finally, Raymond James restated a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $252.23.

Cheniere Energy Trading Down 0.1%

NYSE:LNG traded down $0.24 during midday trading on Thursday, reaching $234.76. 1,295,420 shares of the stock traded hands, compared to its average volume of 1,897,782. The company has a fifty day moving average of $230.24 and a 200 day moving average of $225.01. Cheniere Energy, Inc. has a 12 month low of $154.82 and a 12 month high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a market capitalization of $52.07 billion, a P/E ratio of 16.50 and a beta of 0.43.

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

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Friday, May 9th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Friday, May 9th. Cheniere Energy's payout ratio is currently 14.63%.

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 dated 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 sale, the director now directly owns 29,733 shares of the company's stock, valued at $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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.