CX Institutional Acquires New Holdings in Cheniere Energy, Inc. (NYSE:LNG)

CX Institutional bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 1,583 shares of the energy company's stock, valued at approximately $366,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Martin Investment Management LLC grew its stake 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 valued at $6,064,000 after purchasing an additional 24,278 shares during the last quarter. Bessemer Group Inc. grew its stake in Cheniere Energy by 3.8% during the 4th quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company's stock valued at $8,032,000 after purchasing an additional 1,359 shares during the last quarter. LPL Financial LLC grew its stake in Cheniere Energy by 27.0% during the 4th quarter. LPL Financial LLC now owns 293,201 shares of the energy company's stock valued at $63,000,000 after purchasing an additional 62,338 shares during the last quarter. Amundi grew its stake in Cheniere Energy by 19.9% during the 4th quarter. Amundi now owns 2,696,002 shares of the energy company's stock valued at $606,907,000 after purchasing an additional 448,189 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Cheniere Energy by 3.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 149,015 shares of the energy company's stock valued at $32,019,000 after purchasing an additional 4,584 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction on 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 now owns 29,733 shares in the company, valued at $7,312,236.69. The trade was 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. Insiders own 0.26% of the company's stock.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock traded up $2.95 during mid-day trading on Friday, reaching $237.99. 1,482,102 shares of the stock traded hands, compared to its average volume of 1,896,054. The business has a 50-day moving average of $231.58 and a 200 day moving average of $225.24. Cheniere Energy, Inc. has a fifty-two week low of $154.82 and a fifty-two week high of $257.65. The stock has a market capitalization of $52.78 billion, a PE ratio of 16.72 and a beta of 0.43. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same period in the previous year, the company earned $2.13 EPS. Cheniere Energy's revenue was up 28.0% compared to the same quarter last year. On average, analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Friday, May 9th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.84%. Cheniere Energy's payout ratio is currently 14.63%.

Analyst Ratings Changes

LNG has been the topic of a number of recent research reports. UBS Group restated a "buy" rating and issued a $277.00 target price on shares of Cheniere Energy in a research note on Tuesday, March 18th. Argus initiated coverage on Cheniere Energy in a research note on Tuesday, March 18th. They issued a "buy" rating and a $255.00 target price on the stock. Scotiabank lowered their target price on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th. Stifel Nicolaus lowered their target price on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, TD Cowen upped their target price on Cheniere Energy from $250.00 to $260.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Two investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $252.23.

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.