Rhumbline Advisers Sells 3,829 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Rhumbline Advisers lowered its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 319,311 shares of the energy company's stock after selling 3,829 shares during the period. Rhumbline Advisers owned about 0.14% of Cheniere Energy worth $73,889,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LNG. WR Wealth Planners LLC increased its holdings in shares of Cheniere Energy by 373.1% in the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after acquiring an additional 97 shares in the last quarter. REAP Financial Group LLC grew its position in shares of Cheniere Energy by 150.0% in 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 during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy during the 4th quarter worth approximately $29,000. Banque Transatlantique SA bought a new stake in Cheniere Energy during the 4th quarter worth approximately $32,000. Finally, Nemes Rush Group LLC raised its holdings in Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock worth $41,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Ratings Changes

LNG has been the subject of several research analyst reports. Wolfe Research cut shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Argus initiated coverage on Cheniere Energy in a report on Tuesday, March 18th. They set a "buy" rating and a $255.00 target price for the company. Mizuho lifted their price target on Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. upped their price objective on Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Finally, Bank of America increased their price objective on Cheniere Energy from $254.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Two investment 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. Based on data from MarketBeat, Cheniere Energy currently has an average rating of "Moderate Buy" and an average price target of $252.23.

Cheniere Energy Stock Up 1.1%

Shares of Cheniere Energy stock traded up $2.62 on Thursday, reaching $243.51. 1,973,068 shares of the company were exchanged, compared to its average volume of 1,876,339. Cheniere Energy, Inc. has a one year low of $154.82 and a one year high of $257.65. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company has a 50-day moving average of $228.91 and a 200 day moving average of $224.48. The company has a market capitalization of $54.01 billion, a price-to-earnings ratio of 17.11 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The business's revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.13 EPS. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Friday, May 9th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

About Cheniere Energy

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.