Cheniere Energy, Inc. $LNG Shares Sold by Van Lanschot Kempen Investment Management N.V.

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Van Lanschot Kempen Investment Management N.V. lowered its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 10.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 108,098 shares of the energy company's stock after selling 12,772 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Cheniere Energy were worth $25,014,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Cheniere Energy by 0.3% during the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company's stock valued at $4,844,995,000 after buying an additional 54,801 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Cheniere Energy by 4.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company's stock valued at $1,220,858,000 after acquiring an additional 243,418 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Cheniere Energy by 12.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock valued at $1,078,450,000 after acquiring an additional 534,033 shares during the last quarter. Invesco Ltd. raised its position in shares of Cheniere Energy by 7.9% during the 1st quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company's stock valued at $808,151,000 after acquiring an additional 255,140 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Cheniere Energy by 12.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company's stock valued at $737,149,000 after acquiring an additional 359,435 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Insider Activity at Cheniere Energy

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

Wall Street Analyst Weigh In

LNG has been the subject of a number of research reports. Wolfe Research downgraded shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Barclays reaffirmed an "overweight" rating and set a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. lifted their target price on Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $261.93.

Cheniere Energy Stock Up 0.1%

LNG opened at $230.30 on Tuesday. The stock's 50 day moving average price is $234.64 and its 200 day moving average price is $228.92. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The stock has a market cap of $50.61 billion, a P/E ratio of 13.44 and a beta of 0.43. Cheniere Energy, Inc. has a 12 month low of $175.14 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued 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. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period last year, the company earned $3.84 earnings per share. The company's quarterly revenue was up 42.8% compared to the same quarter last year. As a group, research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

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

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.

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSE:LNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.