Accuvest Global Advisors Makes New $413,000 Investment in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Accuvest Global Advisors has made a new investment in Cheniere Energy, purchasing 1,784 shares valued at approximately $413,000 in the 1st quarter.
• Cheniere Energy reported a 12.63% decrease in the position of its director, Neal A. Shear, who sold 4,300 shares for over $1 million.
• Despite missing earnings estimates for the recent quarter, Cheniere Energy's revenue increased 28.0% year-over-year, totaling $5.44 billion.

Accuvest Global Advisors purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,784 shares of the energy company's stock, valued at approximately $413,000.

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

Cheniere Energy Stock Performance

Shares of LNG traded down $4.43 during mid-day trading on Friday, reaching $230.84. 2,356,085 shares of the company's stock were exchanged, compared to its average volume of 2,208,187. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. The stock has a market capitalization of $51.20 billion, a PE ratio of 13.48 and a beta of 0.43. The business's fifty day simple moving average is $235.83 and its 200-day simple moving average is $228.85. Cheniere Energy, Inc. has a 52-week low of $175.14 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 39.21%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period last year, the firm posted $3.84 EPS. Cheniere Energy's quarterly revenue was up 42.8% on a year-over-year basis. On average, equities research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's payout ratio is currently 14.63%.

Insiders Place Their Bets

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the business'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 transaction of $1,057,499.00. Following the transaction, the director owned 29,733 shares in the company, valued at approximately $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 accessible through the SEC website. Corporate insiders own 0.26% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Wall Street Zen cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. JPMorgan Chase & Co. raised their target price on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Wolfe Research cut shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Finally, Wells Fargo & Company set a $267.00 target price on shares of Cheniere Energy and gave the company an "overweight" rating in a 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $260.71.

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.