Foundations Investment Advisors LLC Purchases 1,558 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Foundations Investment Advisors LLC increased its stake in Cheniere Energy by 2.3%, acquiring a total of 70,210 shares valued at approximately $16.25 million as of the end of the last quarter.
• Cheniere Energy recently reported $1.57 earnings per share, significantly missing analysts' expectations of $2.81, yet its quarterly revenue of $5.44 billion exceeded expectations of $4.73 billion.
• The company announced a quarterly dividend of $0.50 per share, representing an annual yield of 0.89%, with a payout ratio of 14.63%.

Foundations Investment Advisors LLC grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 2.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,210 shares of the energy company's stock after purchasing an additional 1,558 shares during the period. Foundations Investment Advisors LLC's holdings in Cheniere Energy were worth $16,247,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. REAP Financial Group LLC grew its position in shares of Cheniere Energy by 150.0% during the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Banque Transatlantique SA purchased a new position in shares of Cheniere Energy during the 4th quarter valued at $32,000. Cooksen Wealth LLC purchased a new position in shares of Cheniere Energy during the 1st quarter valued at $38,000. Ameriflex Group Inc. purchased a new position in shares of Cheniere Energy during the 4th quarter valued at $42,000. Finally, Nemes Rush Group LLC grew its position in shares of Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after purchasing an additional 182 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on LNG. JPMorgan Chase & Co. upped their target price on shares of Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Raymond James Financial reiterated a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. TD Cowen upped their target price on shares of Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. Finally, Wells Fargo & Company set a $267.00 target price on shares of Cheniere Energy and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Cheniere Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.36.

Cheniere Energy Trading Up 1.0%

Cheniere Energy stock traded up $2.43 during mid-day trading on Thursday, hitting $235.72. The company's stock had a trading volume of 897,073 shares, compared to its average volume of 2,136,289. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. The stock has a market cap of $52.28 billion, a price-to-earnings ratio of 17.25 and a beta of 0.42. The business has a 50 day moving average price of $235.08 and a 200-day moving average price of $229.33. Cheniere Energy, Inc. has a 12 month low of $167.66 and a 12 month high of $257.65.

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

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, August 8th. Cheniere Energy's dividend payout ratio (DPR) is 14.63%.

Insider Activity at Cheniere Energy

In other 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.26% of the company's stock.

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.