Cerity Partners LLC Has $24.15 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Cerity Partners LLC raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 7.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,380 shares of the energy company's stock after acquiring an additional 6,943 shares during the period. Cerity Partners LLC's holdings in Cheniere Energy were worth $24,154,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in LNG. Greenleaf Trust raised its stake in shares of Cheniere Energy by 1.1% in the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock worth $975,000 after buying an additional 46 shares in the last quarter. BIP Wealth LLC grew its holdings in shares of Cheniere Energy by 1.4% during 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 in the last quarter. Glen Eagle Advisors LLC grew its holdings in shares of Cheniere Energy by 3.7% during the fourth quarter. Glen Eagle Advisors LLC now owns 1,488 shares of the energy company's stock valued at $320,000 after buying an additional 53 shares in the last quarter. NDVR Inc. grew its holdings in shares of Cheniere Energy by 4.8% during the fourth quarter. NDVR Inc. now owns 1,188 shares of the energy company's stock valued at $255,000 after buying an additional 54 shares in the last quarter. Finally, American Money Management LLC grew its holdings in shares of Cheniere Energy by 0.5% during the fourth quarter. American Money Management LLC now owns 10,987 shares of the energy company's stock valued at $2,361,000 after buying an additional 55 shares in the last quarter. Institutional investors own 87.26% of the company's stock.

Insider Activity

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 directly 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.26% of the company's stock.

Cheniere Energy Stock Performance

NYSE:LNG traded up $0.85 during mid-day trading on Friday, hitting $235.08. 1,706,075 shares of the company's stock traded hands, compared to its average volume of 1,847,248. The firm has a 50 day moving average of $235.79 and a two-hundred day moving average of $228.30. Cheniere Energy, Inc. has a 12 month low of $167.66 and a 12 month high of $257.65. The firm has a market capitalization of $52.14 billion, a price-to-earnings ratio of 17.20 and a beta of 0.42. 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 (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. Cheniere Energy's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.13 EPS. On average, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be issued a $0.50 dividend. The ex-dividend date is Friday, August 8th. This represents a $2.00 annualized dividend and a yield of 0.85%. Cheniere Energy's dividend payout ratio (DPR) is 14.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Mizuho lifted their price target on Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Stifel Nicolaus lowered their price target on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Scotiabank lowered their target price on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th. Raymond James Financial restated a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Finally, Bank of America upped their price target on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.