Cheniere Energy, Inc. (NYSE:LNG) Position Boosted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 346.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 568,627 shares of the energy company's stock after acquiring an additional 441,296 shares during the quarter. Los Angeles Capital Management LLC owned about 0.26% of Cheniere Energy worth $131,580,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LNG. J.W. Cole Advisors Inc. grew its holdings in Cheniere Energy by 24.5% during the first quarter. J.W. Cole Advisors Inc. now owns 5,304 shares of the energy company's stock worth $1,227,000 after acquiring an additional 1,044 shares during the period. Montag A & Associates Inc. grew its holdings in Cheniere Energy by 89.3% during the first quarter. Montag A & Associates Inc. now owns 462 shares of the energy company's stock worth $107,000 after acquiring an additional 218 shares during the period. IFP Advisors Inc grew its holdings in Cheniere Energy by 139.9% during the first quarter. IFP Advisors Inc now owns 12,214 shares of the energy company's stock worth $2,827,000 after acquiring an additional 7,123 shares during the period. Kestra Private Wealth Services LLC grew its holdings in Cheniere Energy by 385.9% during the first quarter. Kestra Private Wealth Services LLC now owns 7,026 shares of the energy company's stock worth $1,626,000 after acquiring an additional 5,580 shares during the period. Finally, FAS Wealth Partners Inc. grew its holdings in Cheniere Energy by 6.6% during the first quarter. FAS Wealth Partners Inc. now owns 9,577 shares of the energy company's stock worth $2,216,000 after acquiring an additional 597 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of LNG stock opened at $244.35 on Friday. The stock's fifty day moving average is $235.88 and its 200-day moving average is $229.14. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19. The stock has a market capitalization of $54.19 billion, a PE ratio of 17.87 and a beta of 0.42. Cheniere Energy, Inc. has a 52 week low of $167.66 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $4.73 billion. During the same period last year, the company earned $2.13 EPS. The company's revenue was up 28.0% compared to the same quarter last year. Equities research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal 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 paid a $0.50 dividend. The ex-dividend date is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. Cheniere Energy's payout ratio is 14.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LNG shares. Bank of America raised their price objective on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Stifel Nicolaus reduced their price target on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the company a "buy" rating in a report on Thursday, June 26th. Barclays reiterated an "overweight" rating and set a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Finally, Cowen reissued a "buy" rating on shares of Cheniere Energy in a research note on Wednesday, June 25th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Cheniere Energy has an average rating of "Moderate Buy" and a consensus target price of $260.36.

Insider Activity at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the sale, the director owned 29,733 shares of the company's stock, valued at $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

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.

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