Crestwood Advisors Group LLC Makes New Investment in Cheniere Energy, Inc. (NYSE:LNG)

Crestwood Advisors Group LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,346 shares of the energy company's stock, valued at approximately $1,468,000.

A number of other large investors also recently bought and sold shares of LNG. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Cheniere Energy by 7.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company's stock worth $5,439,000 after purchasing an additional 1,630 shares in the last quarter. Martin Investment Management LLC increased its position in Cheniere Energy by 615.4% during the 4th quarter. Martin Investment Management LLC now owns 28,223 shares of the energy company's stock worth $6,064,000 after purchasing an additional 24,278 shares during the period. Bessemer Group Inc. raised its stake in shares of Cheniere Energy by 3.8% during the 4th quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company's stock worth $8,032,000 after buying an additional 1,359 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Cheniere Energy by 3.9% during the 1st quarter. Allianz Asset Management GmbH now owns 1,262,055 shares of the energy company's stock worth $292,040,000 after buying an additional 47,104 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Cheniere Energy by 27.0% in the 4th quarter. LPL Financial LLC now owns 293,201 shares of the energy company's stock valued at $63,000,000 after buying an additional 62,338 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

Insider Buying and Selling

In related news, Director Neal A. Shear sold 4,300 shares of the 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 directly owned 29,733 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Insiders own 0.26% of the company's stock.

Cheniere Energy Trading Down 0.1%

Shares of NYSE LNG traded down $0.26 during midday trading on Friday, reaching $225.54. 1,360,190 shares of the stock were exchanged, compared to its average volume of 1,932,501. The stock has a 50 day moving average price of $235.04 and a 200-day moving average price of $229.20. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $50.02 billion, a P/E ratio of 16.50 and a beta of 0.42. Cheniere Energy, Inc. has a 52-week low of $167.66 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 32.62% and a net margin of 18.37%. The firm's revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 EPS. Equities research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's dividend payout ratio is currently 14.63%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LNG. Barclays reaffirmed an "overweight" rating and set a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a research note on Wednesday, June 25th. Raymond James Financial reiterated a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Wells Fargo & Company set a $267.00 price objective on shares of Cheniere Energy and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Finally, Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $260.36.

Cheniere Energy Profile

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.