Concurrent Investment Advisors LLC Sells 4,746 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Concurrent Investment Advisors reduced its Cheniere Energy stake by 35.8% in the second quarter, selling 4,746 shares and retaining 8,503 shares valued at approximately $2.03 million. Institutional investors collectively own 87.26% of the company.
• Cheniere reported quarterly revenue of $5.73 billion, up 23.5% year over year and above expectations, but earnings per share of $3.02 missed estimates by $0.09. The company declared a quarterly dividend of $0.555, implying a 0.8% annual yield.
• Analyst sentiment remains positive, with the stock carrying a consensus “Moderate Buy” rating and a $304.35 average price target; Royal Bank of Canada recently raised its target to $319.

Concurrent Investment Advisors LLC lowered its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 35.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,503 shares of the energy company's stock after selling 4,746 shares during the period. Concurrent Investment Advisors LLC's holdings in Cheniere Energy were worth $2,032,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Strive Financial Group LLC bought a new position in shares of Cheniere Energy during the fourth quarter valued at about $25,000. Financial Life Planners bought a new stake in shares of Cheniere Energy in the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cheniere Energy in the third quarter worth about $27,000. Community Financial Services Group LLC bought a new stake in shares of Cheniere Energy in the second quarter worth about $29,000. Finally, Transamerica Financial Advisors LLC increased its holdings in Cheniere Energy by 91.3% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company's stock valued at $32,000 after purchasing an additional 63 shares during the period. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Down 5.4%

NYSE:LNG opened at $276.13 on Wednesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.87 and a quick ratio of 0.72. The firm's 50-day moving average price is $267.77 and its 200-day moving average price is $256.94. The company has a market capitalization of $57.03 billion and a PE ratio of 20.56. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.11 by ($0.09). The business had revenue of $5.73 billion for the quarter, compared to analysts' expectations of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The company's revenue was up 23.5% on a year-over-year basis. During the same period last year, the business earned $7.30 earnings per share. On average, equities analysts predict that Cheniere Energy, Inc. will post 16.36 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy's payout ratio is currently 16.53%.

Analyst Ratings Changes

Several research firms have weighed in on LNG. Wolfe Research reiterated an "outperform" rating and issued a $300.00 price objective on shares of Cheniere Energy in a report on Tuesday, June 2nd. Zacks Research lowered Cheniere Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. UBS Group reiterated a "buy" rating on shares of Cheniere Energy in a report on Tuesday, September 1st. Weiss Ratings raised shares of Cheniere Energy from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 21st. Finally, Royal Bank Of Canada upped their price objective on shares of Cheniere Energy from $300.00 to $319.00 and gave the stock an "outperform" rating in a report on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $304.35.

Cheniere Energy Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.

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