Edgestream Partners L.P. Purchases 39,600 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Edgestream Partners L.P. grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 187.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,724 shares of the energy company's stock after purchasing an additional 39,600 shares during the period. Cheniere Energy makes up 0.5% of Edgestream Partners L.P.'s portfolio, making the stock its 8th biggest holding. Edgestream Partners L.P.'s holdings in Cheniere Energy were worth $14,052,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Greenleaf Trust grew its holdings in shares of Cheniere Energy by 1.1% during the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock valued at $975,000 after acquiring an additional 46 shares in the last quarter. BIP Wealth LLC boosted its position in shares of Cheniere Energy by 1.4% in the fourth quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock valued at $762,000 after acquiring an additional 50 shares during the period. Glen Eagle Advisors LLC raised its position in shares of Cheniere Energy by 3.7% during the fourth quarter. Glen Eagle Advisors LLC now owns 1,488 shares of the energy company's stock valued at $320,000 after buying an additional 53 shares during the last quarter. NDVR Inc. lifted its position in shares of Cheniere Energy by 4.8% in the 4th quarter. NDVR Inc. now owns 1,188 shares of the energy company's stock worth $255,000 after acquiring an additional 54 shares during the period. Finally, American Money Management LLC lifted its position in Cheniere Energy by 0.5% in the fourth quarter. American Money Management LLC now owns 10,987 shares of the energy company's stock worth $2,361,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Insider Activity at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction on 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 transaction, the director owned 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.26% of the company's stock.

Cheniere Energy Stock Up 2.8%

Shares of NYSE:LNG traded up $6.48 during trading on Monday, hitting $241.71. The stock had a trading volume of 1,445,351 shares, compared to its average volume of 2,118,144. The company has a market capitalization of $53.61 billion, a PE ratio of 17.68 and a beta of 0.42. The firm's fifty day moving average is $235.79 and its 200 day moving average is $228.42. Cheniere Energy, Inc. has a 12 month low of $167.66 and a 12 month high of $257.65. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24.

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

Cheniere Energy Announces Dividend

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, August 8th. Cheniere Energy's payout ratio is currently 14.63%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Bank of America lifted their price objective on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. UBS Group reiterated a "buy" rating and issued a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.36.

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.