Balefire LLC Has $2.93 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Balefire LLC increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 15.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,660 shares of the energy company's stock after acquiring an additional 1,650 shares during the quarter. Cheniere Energy comprises approximately 1.0% of Balefire LLC's holdings, making the stock its 25th largest holding. Balefire LLC's holdings in Cheniere Energy were worth $2,930,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. WR Wealth Planners LLC increased its position in shares of Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after purchasing an additional 97 shares during the period. REAP Financial Group LLC lifted 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 worth $27,000 after purchasing an additional 75 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy in the 4th quarter valued at $29,000. Banque Transatlantique SA bought a new stake in Cheniere Energy in the 4th quarter valued at $32,000. Finally, Nemes Rush Group LLC raised its stake in shares of Cheniere Energy by 2,022.2% in 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 in the last quarter. 87.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research report on Wednesday. Wells Fargo & Company set a $267.00 price target on shares of Cheniere Energy and gave the stock an "overweight" rating in a research report on Wednesday. Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the company a "buy" rating in a report on Thursday. Wall Street Zen lowered Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. increased their target price on Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.36.

Cheniere Energy Price Performance

LNG stock traded up $5.73 during midday trading on Thursday, reaching $242.05. 2,030,747 shares of the company's stock traded hands, compared to its average volume of 1,872,754. The company has a 50-day simple moving average of $234.26 and a two-hundred day simple moving average of $225.92. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24. Cheniere Energy, Inc. has a 1-year low of $167.66 and a 1-year high of $257.65. The company has a market cap of $53.68 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 5.00 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results 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). Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. Cheniere Energy's revenue for the quarter was up 28.0% on a year-over-year basis. On average, analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, August 8th. Cheniere Energy's dividend payout ratio is 14.63%.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction dated 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 completion of the sale, the director now directly owns 29,733 shares of the company's stock, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.