Clarius Group LLC grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 119.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,458 shares of the energy company's stock after acquiring an additional 1,340 shares during the quarter. Clarius Group LLC's holdings in Cheniere Energy were worth $569,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC purchased a new position in shares of Cheniere Energy during the 4th quarter valued at approximately $335,000. Principal Securities Inc. grew its position in Cheniere Energy by 16.7% during the fourth quarter. Principal Securities Inc. now owns 6,189 shares of the energy company's stock valued at $1,330,000 after buying an additional 885 shares during the period. Allworth Financial LP grew its position in Cheniere Energy by 20.8% during the fourth quarter. Allworth Financial LP now owns 6,544 shares of the energy company's stock valued at $1,527,000 after buying an additional 1,125 shares during the period. J.W. Cole Advisors Inc. grew its position in Cheniere Energy by 22.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,260 shares of the energy company's stock valued at $915,000 after buying an additional 794 shares during the period. Finally, Sanctuary Advisors LLC grew its position in Cheniere Energy by 1.2% during the fourth quarter. Sanctuary Advisors LLC now owns 49,626 shares of the energy company's stock valued at $11,424,000 after buying an additional 592 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.
Insider Activity
In other Cheniere Energy 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 value of $1,057,499.00. Following the transaction, the director now owns 29,733 shares of the company's stock, valued at $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.26% of the company's stock.
Cheniere Energy Price Performance
NYSE LNG traded down $0.34 during trading hours on Friday, hitting $234.72. 2,349,132 shares of the company's stock traded hands, compared to its average volume of 1,892,382. Cheniere Energy, Inc. has a 52-week low of $163.00 and a 52-week high of $257.65. The company has a market capitalization of $52.06 billion, a PE ratio of 17.17, a PEG ratio of 4.90 and a beta of 0.43. 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 firm's 50-day moving average is $233.32 and its 200-day moving average is $225.58.
Cheniere Energy (NYSE:LNG - Get Free Report) last announced 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). The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The company's revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.13 EPS. Equities analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.
Cheniere Energy Announces Dividend
The company also recently declared 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 0.85%. Cheniere Energy's payout ratio is 14.63%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on LNG. TD Cowen raised their price target on shares of Cheniere Energy from $250.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, May 9th. UBS Group restated a "buy" rating and set a $277.00 price target on shares of Cheniere Energy in a research report on Tuesday, March 18th. Raymond James Financial reissued a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Wolfe Research lowered shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Finally, Mizuho boosted their price target on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Cheniere Energy currently has a consensus rating of "Moderate Buy" and an average target price of $252.23.
Read Our Latest Analysis 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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