Cheniere Energy, Inc. (NYSE:LNG) Position Reduced by Norris Perne & French LLP MI

Norris Perne & French LLP MI cut its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 32.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,751 shares of the energy company's stock after selling 64,123 shares during the period. Cheniere Energy makes up 2.4% of Norris Perne & French LLP MI's portfolio, making the stock its 8th largest position. Norris Perne & French LLP MI owned 0.06% of Cheniere Energy worth $31,413,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $335,000. Principal Securities Inc. increased its stake in Cheniere Energy by 16.7% in the 4th quarter. Principal Securities Inc. now owns 6,189 shares of the energy company's stock worth $1,330,000 after purchasing an additional 885 shares during the period. Allworth Financial LP lifted its position in Cheniere Energy by 20.8% in the fourth quarter. Allworth Financial LP now owns 6,544 shares of the energy company's stock valued at $1,527,000 after purchasing an additional 1,125 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of Cheniere Energy by 22.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,260 shares of the energy company's stock valued at $915,000 after purchasing an additional 794 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in shares of Cheniere Energy by 1.2% during the fourth quarter. Sanctuary Advisors LLC now owns 49,626 shares of the energy company's stock valued at $11,424,000 after purchasing an additional 592 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LNG. UBS Group reiterated a "buy" rating and set a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Wall Street Zen cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Wolfe Research lowered shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. TD Cowen raised their target price on Cheniere Energy from $250.00 to $260.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Argus started coverage on Cheniere Energy in a report on Tuesday, March 18th. They set a "buy" rating and a $255.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $252.23.

Insider Activity at Cheniere Energy

In related 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 value of $1,057,499.00. Following the transaction, the director now owns 29,733 shares in the company, valued at $7,312,236.69. The trade was a 12.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by corporate insiders.

Cheniere Energy Price Performance

LNG opened at $235.09 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24. The company has a market cap of $52.14 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 4.92 and a beta of 0.43. The stock has a fifty day simple moving average of $232.88 and a two-hundred day simple moving average of $225.49. Cheniere Energy, Inc. has a 12-month low of $160.75 and a 12-month 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 analysts' consensus estimates of $2.81 by ($1.24). The business had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The company's revenue was up 28.0% on a year-over-year basis. During the same period last year, the business earned $2.13 earnings per share. Research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be given a $0.50 dividend. The ex-dividend date is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. Cheniere Energy's dividend payout ratio is currently 14.63%.

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.

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