Quantbot Technologies LP Has $933,000 Stake in Cheniere Energy, Inc. $LNG

Key Points

• Quantbot Technologies LP reduced its holdings in Cheniere Energy by 78.8% in the first quarter, selling 15,031 shares and leaving them with 4,032 shares valued at $933,000.
• Various institutional investors, including Korea Investment CORP and Aptus Capital Advisors LLC, have increased their positions in Cheniere Energy, with significant growth reported in their share ownership during the same period.
• Cheniere Energy reported a net earnings per share (EPS) of $7.30 for the last quarter, surpassing analyst expectations and marking a 42.8% revenue increase compared to the previous year.

Quantbot Technologies LP trimmed its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 78.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,032 shares of the energy company's stock after selling 15,031 shares during the period. Quantbot Technologies LP's holdings in Cheniere Energy were worth $933,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Korea Investment CORP raised its position in shares of Cheniere Energy by 21.6% in the 1st quarter. Korea Investment CORP now owns 249,438 shares of the energy company's stock valued at $57,720,000 after acquiring an additional 44,229 shares during the period. Sand Hill Global Advisors LLC increased its stake in Cheniere Energy by 1.4% during the 1st quarter. Sand Hill Global Advisors LLC now owns 23,773 shares of the energy company's stock worth $5,501,000 after purchasing an additional 337 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in Cheniere Energy by 51.0% during the 1st quarter. Aptus Capital Advisors LLC now owns 5,142 shares of the energy company's stock worth $1,190,000 after purchasing an additional 1,736 shares in the last quarter. Northern Trust Corp increased its stake in Cheniere Energy by 15.4% during the 1st quarter. Northern Trust Corp now owns 1,845,962 shares of the energy company's stock worth $427,156,000 after purchasing an additional 246,601 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in Cheniere Energy by 5.0% during the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock worth $233,000 after purchasing an additional 48 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Shares of LNG traded down $0.03 during midday trading on Thursday, reaching $241.57. 937,599 shares of the stock were exchanged, compared to its average volume of 2,090,021. Cheniere Energy, Inc. has a twelve month low of $175.14 and a twelve month high of $257.65. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The company has a market cap of $53.09 billion, a P/E ratio of 14.11 and a beta of 0.43. The stock's 50 day simple moving average is $235.11 and its 200 day simple moving average is $229.50.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating 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 return on equity of 37.83% and a net margin of 21.05%.Cheniere Energy's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.84 earnings per share. On average, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were 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 was Friday, August 8th. Cheniere Energy's payout ratio is 11.68%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LNG shares. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the stock a "buy" rating in a research note on Thursday, June 26th. Wolfe Research cut shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Barclays reaffirmed an "overweight" rating and set a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Cowen reissued a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Finally, TD Cowen raised their price target on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $261.93.

Insider Buying and Selling

In related news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction dated 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 $7,312,236.69. The trade was a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by company insiders.

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.