Castellan Group Raises Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Castellan Group has increased its stake in Cheniere Energy by 74.5%, acquiring an additional 22,754 shares to bring its total holdings to 53,298 shares worth approximately $12.3 million.
• Cheniere Energy has recently faced mixed analyst ratings, with some analysts raising their price targets, while others downgraded their ratings from "buy" to "hold."
• The company has reported a net margin of 18.37% and announced a quarterly dividend of $0.50 per share, reflecting a yield of 0.8%.

Castellan Group lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 74.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 53,298 shares of the energy company's stock after acquiring an additional 22,754 shares during the quarter. Cheniere Energy makes up 3.4% of Castellan Group's investment portfolio, making the stock its 8th largest position. Castellan Group's holdings in Cheniere Energy were worth $12,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. REAP Financial Group LLC grew its stake in shares of Cheniere Energy by 150.0% during the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after acquiring an additional 75 shares during the period. Banque Transatlantique SA purchased a new position in shares of Cheniere Energy in the fourth quarter valued at $32,000. Cooksen Wealth LLC bought a new stake in shares of Cheniere Energy during the 1st quarter valued at $38,000. Ameriflex Group Inc. bought a new stake in shares of Cheniere Energy during the 4th quarter valued at $42,000. Finally, Nemes Rush Group LLC lifted its holdings 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 purchasing an additional 182 shares in the last quarter. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Price Performance

Shares of NYSE LNG traded up $2.51 during trading hours on Friday, reaching $238.39. 2,022,265 shares of the stock traded hands, compared to its average volume of 1,986,933. The company has a market capitalization of $52.87 billion, a P/E ratio of 17.44 and a beta of 0.43. 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 52-week low of $167.66 and a 52-week high of $257.65. The company's 50-day simple moving average is $235.42 and its two-hundred day simple moving average is $229.34.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). The firm had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The business's quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 earnings per share. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's payout ratio is 14.63%.

Analyst Ratings Changes

A number of research firms have weighed in on LNG. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the company a "buy" rating in a report on Thursday, June 26th. Wells Fargo & Company set a $267.00 price objective on shares of Cheniere Energy and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Raymond James Financial reiterated a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. TD Cowen increased their target price on shares of Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Finally, Barclays reiterated an "overweight" rating and issued a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Two 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $260.36.

Insider Buying and Selling

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy 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 transaction, the director directly owned 29,733 shares of the company's stock, valued at $7,312,236.69. The trade was a 12.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by company insiders.

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.