Cwm LLC Grows Stake in Cheniere Energy, Inc. (NYSE:LNG)

CWM LLC boosted its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 154.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,758 shares of the energy company's stock after acquiring an additional 5,320 shares during the quarter. CWM LLC's holdings in Cheniere Energy were worth $2,027,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Cheniere Energy during the fourth quarter worth $629,197,000. Two Sigma Advisers LP grew its stake in shares of Cheniere Energy by 84.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company's stock worth $354,858,000 after buying an additional 756,900 shares during the last quarter. Invesco Ltd. grew its stake in shares of Cheniere Energy by 16.1% during the fourth quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock worth $695,599,000 after buying an additional 450,031 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Cheniere Energy by 10.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company's stock worth $886,664,000 after buying an additional 379,142 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Cheniere Energy by 25,232.4% during the first quarter. GAMMA Investing LLC now owns 342,241 shares of the energy company's stock worth $79,195,000 after buying an additional 340,890 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Insider Activity at Cheniere Energy

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 completion of the sale, the director directly owned 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by insiders.

Cheniere Energy Stock Up 5.5%

Shares of NYSE LNG traded up $12.68 during trading on Friday, hitting $244.35. 5,482,972 shares of the company traded hands, compared to its average volume of 1,860,106. The business's fifty day moving average is $235.88 and its 200 day moving average is $229.14. Cheniere Energy, Inc. has a fifty-two week low of $167.66 and a fifty-two week high of $257.65. The firm has a market capitalization of $54.19 billion, a price-to-earnings ratio of 17.87 and a beta of 0.42. 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 posted its earnings results on Thursday, May 8th. The energy company reported $1.57 EPS 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 the consensus estimate of $4.73 billion. Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The company's revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 earnings per share. Equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's payout ratio is presently 14.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Raymond James Financial reiterated a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. TD Cowen lifted their price target on shares of Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a report on Wednesday, June 25th. Wall Street Zen lowered shares of Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $260.36.

About Cheniere Energy

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.