Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by Private Advisor Group LLC

Key Points

• Private Advisor Group LLC increased its stake in Cheniere Energy by 48.3%, now holding shares valued at $1.35 million.
• Cheniere Energy's latest quarterly earnings report revealed EPS of $1.57, missing the consensus estimate of $2.81, while revenues exceeded estimates at $5.44 billion.
• The company declared a quarterly dividend of $0.50 per share, contributing to an annualized yield of 0.89%.

Private Advisor Group LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 48.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,833 shares of the energy company's stock after acquiring an additional 1,899 shares during the period. Private Advisor Group LLC's holdings in Cheniere Energy were worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Altman Advisors Inc. boosted its stake in Cheniere Energy by 0.4% during the first quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock valued at $2,348,000 after buying an additional 43 shares in the last quarter. Greenleaf Trust lifted its holdings in Cheniere Energy by 1.1% in 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 during the last quarter. BIP Wealth LLC lifted its holdings in Cheniere Energy by 1.4% in the 4th 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 last quarter. Glen Eagle Advisors LLC lifted its holdings in Cheniere Energy by 3.7% in the 4th quarter. Glen Eagle Advisors LLC now owns 1,488 shares of the energy company's stock valued at $320,000 after acquiring an additional 53 shares during the last quarter. Finally, NDVR Inc. lifted its stake in Cheniere Energy by 4.8% during the fourth quarter. NDVR Inc. now owns 1,188 shares of the energy company's stock valued at $255,000 after purchasing an additional 54 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 0.1%

LNG opened at $225.54 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $167.66 and a fifty-two week high of $257.65. The business has a 50-day moving average of $235.04 and a 200-day moving average of $229.20. 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 company has a market capitalization of $50.02 billion, a PE ratio of 16.50 and a beta of 0.42.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data 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). The business 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%. Cheniere Energy's revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.13 EPS. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. Cheniere Energy's dividend payout ratio is currently 14.63%.

Insiders Place Their Bets

In other Cheniere Energy 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 transaction, the director directly owned 29,733 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LNG has been the subject of several recent research reports. Wells Fargo & Company set a $267.00 target price on shares of Cheniere Energy and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Barclays reiterated an "overweight" rating and set a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. JPMorgan Chase & Co. upped their target price on Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Finally, TD Cowen upped their target price on Cheniere Energy from $260.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. 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 stock. Based on data from MarketBeat.com, Cheniere Energy has an average rating of "Moderate Buy" and an average target price of $260.36.

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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