Cheniere Energy, Inc. $LNG Shares Sold by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Cheniere Energy by 4.1%, selling 2,191 shares, and now holds 51,281 shares valued at approximately $11.87 million.
• Cheniere Energy recently reported quarterly earnings of $7.30 per share, significantly exceeding analysts' expectations and marking a 42.8% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.50 per share, resulting in an annualized dividend of $2.00 and a yield of 0.9%, with a payout ratio of 11.68%.

Fuller & Thaler Asset Management Inc. reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,281 shares of the energy company's stock after selling 2,191 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Cheniere Energy were worth $11,866,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNG. REAP Financial Group LLC lifted its position in Cheniere Energy by 150.0% during the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after purchasing an additional 75 shares during the period. Banque Transatlantique SA acquired a new position in Cheniere Energy during the fourth quarter valued at $32,000. Cooksen Wealth LLC acquired a new position in Cheniere Energy during the first quarter valued at $38,000. Ameriflex Group Inc. acquired a new position in Cheniere Energy during the fourth quarter valued at $42,000. Finally, Tsfg LLC lifted its position in Cheniere Energy by 676.0% during the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after purchasing an additional 169 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cheniere Energy

In related 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 transaction of $1,057,499.00. Following the completion of the transaction, the director owned 29,733 shares in the company, valued at $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

Cheniere Energy Trading Up 0.2%

Shares of Cheniere Energy stock opened at $230.3490 on Wednesday. The firm has a 50-day simple moving average of $234.64 and a two-hundred day simple moving average of $228.93. The company has a market cap of $50.62 billion, a P/E ratio of 13.45 and a beta of 0.43. Cheniere Energy, Inc. has a fifty-two week low of $175.14 and a fifty-two week high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company's revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.84 earnings per share. As a group, equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, August 8th. Cheniere Energy's dividend payout ratio is 11.68%.

Analyst Ratings Changes

A number of research firms recently issued reports on LNG. Wells Fargo & Company boosted their target price on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Wolfe Research downgraded shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Barclays restated an "overweight" rating and set a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. TD Cowen boosted their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of "Buy" and a consensus price target of $261.93.

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.

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