Tranquility Partners LLC Decreases Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Tranquility Partners LLC lessened its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 42.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Cheniere Energy by 4.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company's stock worth $1,220,858,000 after buying an additional 243,418 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Cheniere Energy by 10.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company's stock worth $886,664,000 after buying an additional 379,142 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Cheniere Energy by 16.1% in the fourth quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock worth $695,599,000 after buying an additional 450,031 shares in the last quarter. Norges Bank purchased a new position in shares of Cheniere Energy in the fourth quarter worth $629,197,000. Finally, Amundi lifted its holdings in shares of Cheniere Energy by 19.9% in the fourth quarter. Amundi now owns 2,696,002 shares of the energy company's stock worth $606,907,000 after buying an additional 448,189 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. upped their price target on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Mizuho upped their price target on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Wolfe Research downgraded shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Finally, UBS Group reaffirmed a "buy" rating and set a $277.00 price target on shares of Cheniere Energy in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Cheniere Energy presently has an average rating of "Moderate Buy" and a consensus price target of $258.36.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

Cheniere Energy Trading Up 1.5%

LNG stock traded up $3.58 during mid-day trading on Monday, reaching $243.58. 1,664,126 shares of the stock traded hands, compared to its average volume of 1,848,385. 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, Inc. has a one year low of $167.66 and a one year high of $257.65. The stock has a market capitalization of $54.02 billion, a PE ratio of 17.82 and a beta of 0.43. The business has a 50-day moving average price of $235.04 and a two-hundred day moving average price of $226.66.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter last year, the firm earned $2.13 EPS. The company's revenue was up 28.0% on a year-over-year basis. Equities research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's payout ratio is 14.63%.

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.