Cheniere Energy, Inc. (NYSE:LNG) Stock Holdings Lowered by Bessemer Group Inc.

Bessemer Group Inc. lowered its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 70.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,021 shares of the energy company's stock after selling 26,357 shares during the period. Bessemer Group Inc.'s holdings in Cheniere Energy were worth $2,551,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. WR Wealth Planners LLC raised its position in Cheniere Energy by 373.1% in 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 grew its stake in shares of Cheniere Energy by 150.0% in the fourth 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 in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter valued at about $29,000. Banque Transatlantique SA acquired a new position in Cheniere Energy during the 4th quarter worth approximately $32,000. Finally, Nemes Rush Group LLC lifted its position in Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock worth $41,000 after acquiring an additional 182 shares in the last quarter. Hedge funds and other 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 stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the transaction, the director now directly owns 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on LNG shares. Stifel Nicolaus dropped their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Argus assumed coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They set a "buy" rating and a $255.00 price target for the company. TD Cowen boosted their price objective on shares of Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday. Wells Fargo & Company set a $267.00 price objective on shares of Cheniere Energy and gave the company an "overweight" rating in a research report on Wednesday. Finally, Wolfe Research lowered Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $258.36.

Cheniere Energy Stock Down 0.9%

Cheniere Energy stock traded down $2.22 during midday trading on Friday, hitting $239.87. The stock had a trading volume of 2,473,014 shares, compared to its average volume of 1,849,122. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24. The stock has a market cap of $53.20 billion, a P/E ratio of 17.55, a P/E/G ratio of 5.18 and a beta of 0.43. Cheniere Energy, Inc. has a 12 month low of $167.66 and a 12 month high of $257.65. The business has a fifty day moving average price of $234.64 and a 200 day moving average price of $226.37.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). The firm 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%. Cheniere Energy's revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 EPS. Research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 annualized dividend and a yield of 0.83%. Cheniere Energy's payout ratio is 14.63%.

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.