Robeco Institutional Asset Management B.V. lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,605,109 shares of the energy company's stock after selling 59,330 shares during the quarter. Cheniere Energy accounts for about 0.7% of Robeco Institutional Asset Management B.V.'s holdings, making the stock its 26th biggest holding. Robeco Institutional Asset Management B.V. owned approximately 0.72% of Cheniere Energy worth $371,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. WR Wealth Planners LLC raised its holdings in shares of Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after buying an additional 97 shares during the period. REAP Financial Group LLC grew its position in 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 acquiring an additional 75 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy during the fourth quarter worth about $29,000. Banque Transatlantique SA acquired a new stake in shares of Cheniere Energy during the fourth quarter worth about $32,000. Finally, Nemes Rush Group LLC boosted its stake in shares of Cheniere Energy by 2,022.2% in the fourth 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 during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Cheniere Energy
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 now owns 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.26% of the company's stock.
Cheniere Energy Stock Up 2.4%
NYSE LNG traded up $5.73 during trading on Thursday, reaching $242.05. 2,030,747 shares of the company's stock were exchanged, compared to its average volume of 1,872,754. The company has a 50 day moving average price of $234.26 and a two-hundred day moving average price of $225.92. The stock has a market cap of $53.68 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 5.00 and a beta of 0.43. Cheniere Energy, Inc. has a 1 year low of $167.66 and a 1 year high of $257.65. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19.
Cheniere Energy (NYSE:LNG - Get Free Report) last issued its 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). The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. Cheniere Energy's revenue was up 28.0% on a year-over-year basis. During the same period last year, the business posted $2.13 EPS. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.
Cheniere Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.83%. Cheniere Energy's dividend payout ratio is presently 14.63%.
Wall Street Analyst Weigh In
LNG has been the subject of a number of research reports. Raymond James Financial restated a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Wolfe Research downgraded shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Wall Street Zen lowered Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Bank of America increased their price objective on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, TD Cowen boosted their target price on Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday. Two 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $258.36.
Read Our Latest Stock Report on Cheniere Energy
Cheniere Energy Profile
(
Free Report)
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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