Cheniere Energy, Inc. (NYSE:LNG) Holdings Reduced by Tranquility Partners LLC

Tranquility Partners LLC lowered its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 42.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,723 shares of the energy company's stock after selling 2,032 shares during the quarter. Tranquility Partners LLC's holdings in Cheniere Energy were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Martin Investment Management LLC increased its position in Cheniere Energy by 615.4% in the 4th quarter. Martin Investment Management LLC now owns 28,223 shares of the energy company's stock valued at $6,064,000 after acquiring an additional 24,278 shares during the period. Bessemer Group Inc. boosted its position in Cheniere Energy by 3.8% during the 4th quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company's stock worth $8,032,000 after acquiring an additional 1,359 shares during the period. LPL Financial LLC grew its stake in shares of Cheniere Energy by 27.0% in the fourth quarter. LPL Financial LLC now owns 293,201 shares of the energy company's stock worth $63,000,000 after purchasing an additional 62,338 shares in the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of Cheniere Energy by 6.7% during the first quarter. Gateway Investment Advisers LLC now owns 51,781 shares of the energy company's stock valued at $11,982,000 after purchasing an additional 3,252 shares during the period. Finally, Amundi increased its holdings in shares of Cheniere Energy by 19.9% during the fourth quarter. Amundi now owns 2,696,002 shares of the energy company's stock valued at $606,907,000 after purchasing an additional 448,189 shares during the period. Institutional investors own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LNG shares. Wall Street Zen downgraded shares of Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Cowen restated a "buy" rating on shares of Cheniere Energy in a research report on Wednesday. UBS Group reaffirmed a "buy" rating and issued a $277.00 price target on shares of Cheniere Energy in a research note on Tuesday, March 18th. Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the company a "buy" rating in a report on Thursday. Finally, Mizuho boosted their target price on Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $258.36.

Cheniere Energy Trading Up 2.4%

Cheniere Energy stock opened at $242.05 on Friday. The firm has a market cap of $53.68 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 4.93 and a beta of 0.43. Cheniere Energy, Inc. has a 1 year low of $167.66 and a 1 year high of $257.65. The firm's 50 day moving average price is $234.47 and its two-hundred day moving average price is $226.11. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The business's revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 earnings per share. On average, research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.83%. Cheniere Energy's dividend payout ratio is currently 14.63%.

Insider Buying and Selling

In other Cheniere Energy 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 sale, the director now directly owns 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.

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