Compagnie Lombard Odier SCmA grew its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 16.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,280 shares of the energy company's stock after acquiring an additional 16,427 shares during the quarter. Compagnie Lombard Odier SCmA owned 0.05% of Cheniere Energy worth $26,444,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the business. Union Bancaire Privee UBP SA increased its holdings in shares of Cheniere Energy by 59.5% in the first quarter. Union Bancaire Privee UBP SA now owns 19,209 shares of the energy company's stock worth $4,199,000 after acquiring an additional 7,168 shares in the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in shares of Cheniere Energy during the first quarter worth about $289,000. Sapient Capital LLC grew its holdings in shares of Cheniere Energy by 0.8% during the first quarter. Sapient Capital LLC now owns 8,305 shares of the energy company's stock worth $1,922,000 after buying an additional 69 shares in the last quarter. Greenwood Capital Associates LLC bought a new position in shares of Cheniere Energy during the first quarter worth about $2,127,000. Finally, Fifth Third Bancorp grew its holdings in shares of Cheniere Energy by 486.2% during the first quarter. Fifth Third Bancorp now owns 9,068 shares of the energy company's stock worth $2,098,000 after buying an additional 7,521 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.
Cheniere Energy Trading Down 0.1%
Shares of NYSE:LNG traded down $0.24 during trading hours on Thursday, hitting $234.76. 1,295,420 shares of the company's stock traded hands, compared to its average volume of 1,897,782. Cheniere Energy, Inc. has a 1 year low of $154.82 and a 1 year high of $257.65. The business has a fifty day moving average price of $230.24 and a 200-day moving average price of $225.01. The firm has a market capitalization of $52.07 billion, a P/E ratio of 16.50 and a beta of 0.43. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.
Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. During the same quarter in the prior year, the company earned $2.13 EPS. The firm's quarterly revenue was up 28.0% on a year-over-year basis. Equities analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.
Cheniere Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Friday, May 9th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy's payout ratio is 14.63%.
Insider Activity at Cheniere Energy
In related news, Director Neal A. Shear sold 4,300 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the transaction, the director now directly owns 29,733 shares of the company's stock, valued at $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is owned by insiders.
Analyst Ratings Changes
LNG has been the subject of a number of research reports. Wall Street Zen downgraded Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. TD Cowen raised their price objective on Cheniere Energy from $250.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Raymond James reaffirmed a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Argus initiated coverage on Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price objective for the company. Finally, Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Two 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $252.23.
Get Our Latest Analysis on LNG
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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