Wellington Management Group LLP Sells 2,230,754 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Wellington Management Group LLP significantly reduced its stake in Cheniere Energy by 91.5% in the first quarter, selling over 2.2 million shares.
• Cheniere Energy reported an impressive quarterly earnings result with an EPS of $7.30, beating estimates by nearly $5, and revenue of $4.64 billion, up 42.8% year-over-year.
• The company recently declared a quarterly dividend of $0.50, which corresponds to an annualized yield of 0.8%.

Wellington Management Group LLP lessened its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 91.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 206,077 shares of the energy company's stock after selling 2,230,754 shares during the period. Wellington Management Group LLP owned approximately 0.09% of Cheniere Energy worth $47,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in LNG. Brighton Jones LLC bought a new stake in Cheniere Energy during the 4th quarter worth approximately $335,000. Tower Research Capital LLC TRC raised its holdings in Cheniere Energy by 929.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,450 shares of the energy company's stock worth $741,000 after purchasing an additional 3,115 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Cheniere Energy by 11.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 2,950 shares of the energy company's stock worth $634,000 after purchasing an additional 296 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Cheniere Energy by 26.3% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,375 shares of the energy company's stock worth $510,000 after purchasing an additional 494 shares during the last quarter. Finally, Two Sigma Securities LLC raised its holdings in Cheniere Energy by 760.0% during the 4th quarter. Two Sigma Securities LLC now owns 2,580 shares of the energy company's stock worth $554,000 after purchasing an additional 2,280 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LNG shares. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the stock a "buy" rating in a report on Thursday, June 26th. Wall Street Zen cut Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. TD Cowen boosted their price objective on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of "Buy" and an average price target of $261.93.

Insider Activity at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy 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 sale, the director owned 29,733 shares of the company's stock, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.26% of the company's stock.

Cheniere Energy Stock Performance

Shares of LNG stock traded down $0.03 during trading on Thursday, hitting $241.57. The company's stock had a trading volume of 937,599 shares, compared to its average volume of 2,090,021. The company has a market cap of $53.09 billion, a PE ratio of 14.11 and a beta of 0.43. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The business has a fifty day moving average of $235.11 and a 200-day moving average of $229.50. Cheniere Energy, Inc. has a 52 week low of $175.14 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $4.95. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.Cheniere Energy's quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.84 earnings per share. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current 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 issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 8th. Cheniere Energy's payout ratio is 11.68%.

Cheniere Energy Company 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.