Cannon Global Investment Management LLC Lowers Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Cannon Global Investment Management LLC reduced its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 50.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,600 shares of the energy company's stock after selling 2,600 shares during the quarter. Cheniere Energy comprises approximately 1.1% of Cannon Global Investment Management LLC's portfolio, making the stock its 18th biggest holding. Cannon Global Investment Management LLC's holdings in Cheniere Energy were worth $602,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Compound Global Advisors LLC raised its position in Cheniere Energy by 281.7% during the first quarter. Compound Global Advisors LLC now owns 3,817 shares of the energy company's stock valued at $833,000 after purchasing an additional 2,817 shares in the last quarter. Aaron Wealth Advisors LLC boosted its stake in Cheniere Energy by 5.5% in the first quarter. Aaron Wealth Advisors LLC now owns 2,063 shares of the energy company's stock worth $477,000 after buying an additional 108 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in Cheniere Energy by 25.5% in the first quarter. Summit Trail Advisors LLC now owns 3,675 shares of the energy company's stock worth $850,000 after buying an additional 746 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Cheniere Energy by 7.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company's stock valued at $5,439,000 after acquiring an additional 1,630 shares during the last quarter. Finally, Cidel Asset Management Inc. purchased a new position in shares of Cheniere Energy during the first quarter worth approximately $205,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Trading Down 0.3%

Shares of LNG stock traded down $0.81 during trading hours on Thursday, reaching $239.46. The company's stock had a trading volume of 1,049,816 shares, compared to its average volume of 1,844,571. 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 capitalization of $53.11 billion, a P/E ratio of 17.52 and a beta of 0.42. The firm's fifty day simple moving average is $235.40 and its 200 day simple moving average is $226.82. Cheniere Energy, Inc. has a one year low of $167.66 and a one year high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted 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). 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 during the quarter, compared to analysts' expectations of $4.73 billion. During the same period in the prior year, the business posted $2.13 earnings per share. The company's revenue for the quarter was up 28.0% on a year-over-year basis. Equities research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

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 given a dividend of $0.50 per share. The ex-dividend date is Friday, August 8th. This represents a $2.00 annualized dividend and a yield of 0.84%. Cheniere Energy's payout ratio is 14.63%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LNG shares. TD Cowen increased their target price on shares of Cheniere Energy from $260.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Wells Fargo & Company set a $267.00 price target on shares of Cheniere Energy and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. Mizuho boosted their target price on Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Finally, Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Two 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.36.

Insider Buying and Selling at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the transaction, the director owned 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.26% of the company's stock.

Cheniere Energy Company 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.