Border to Coast Pensions Partnership Ltd Sells 130,000 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Border to Coast Pensions Partnership Ltd lowered its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 65.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,000 shares of the energy company's stock after selling 130,000 shares during the quarter. Border to Coast Pensions Partnership Ltd's holdings in Cheniere Energy were worth $16,198,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LNG. BIP Wealth LLC lifted its stake in Cheniere Energy by 1.4% in the fourth quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock valued at $762,000 after buying an additional 50 shares during the period. Glen Eagle Advisors LLC increased its stake in shares of Cheniere Energy by 3.7% in the 4th quarter. Glen Eagle Advisors LLC now owns 1,488 shares of the energy company's stock valued at $320,000 after acquiring an additional 53 shares during the last quarter. NDVR Inc. raised its position in shares of Cheniere Energy by 4.8% in the 4th quarter. NDVR Inc. now owns 1,188 shares of the energy company's stock valued at $255,000 after acquiring an additional 54 shares during the period. Larson Financial Group LLC raised its position in shares of Cheniere Energy by 1.7% in the 4th quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company's stock valued at $719,000 after acquiring an additional 55 shares during the period. Finally, American Money Management LLC boosted its stake in Cheniere Energy by 0.5% during the 4th quarter. American Money Management LLC now owns 10,987 shares of the energy company's stock worth $2,361,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Insider Activity

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 approximately $7,312,236.69. This represents a 12.63% decrease in their position. The sale 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 currently owned by insiders.

Cheniere Energy Stock Up 2.4%

Cheniere Energy stock opened at $242.05 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.06 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 fifty day simple moving average of $234.47 and a 200 day simple moving average of $226.11. The company has a market cap of $53.68 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 4.93 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last released 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 net margin of 18.37% and a return on equity of 32.62%. The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same period in the prior year, the firm posted $2.13 EPS. Cheniere Energy's revenue was up 28.0% compared to the same quarter last year. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have weighed in on LNG. Mizuho increased their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. TD Cowen raised their price objective on Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday. UBS Group reissued a "buy" rating and issued a $277.00 target price on shares of Cheniere Energy in a research note on Tuesday, March 18th. Bank of America increased their price target on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $258.36.

About Cheniere Energy

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.

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