D.A. Davidson & CO. Increases Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

D.A. Davidson & CO. increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 10.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,016 shares of the energy company's stock after purchasing an additional 1,052 shares during the period. D.A. Davidson & CO.'s holdings in Cheniere Energy were worth $2,549,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Cheniere Energy by 7.5% during the 1st 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 holdings in shares of 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 acquiring an additional 24,278 shares during the last quarter. Bessemer Group Inc. increased its holdings 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 acquiring an additional 1,359 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Cheniere Energy by 27.0% during the 4th quarter. LPL Financial LLC now owns 293,201 shares of the energy company's stock worth $63,000,000 after acquiring an additional 62,338 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased its holdings in shares of Cheniere Energy by 6.7% during the 1st quarter. Gateway Investment Advisers LLC now owns 51,781 shares of the energy company's stock worth $11,982,000 after acquiring an additional 3,252 shares during the last quarter. Institutional investors own 87.26% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on LNG. Mizuho boosted their target price on Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the stock a "buy" rating in a report on Thursday, June 26th. TD Cowen boosted their target price on Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Stifel Nicolaus decreased their target price on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Scotiabank decreased their target price on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $258.36.

Cheniere Energy Trading Down 0.5%

Shares of LNG stock traded down $1.29 on Wednesday, hitting $235.49. The company had a trading volume of 1,579,441 shares, compared to its average volume of 1,847,331. The stock's 50-day moving average is $235.74 and its two-hundred day moving average is $227.83. Cheniere Energy, Inc. has a twelve month low of $167.66 and a twelve month high of $257.65. The firm has a market cap of $52.23 billion, a P/E ratio of 17.23 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 announced its quarterly earnings data 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 18.37% and a return on equity of 32.62%. The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same period last year, the business posted $2.13 EPS. The company's revenue was up 28.0% on a year-over-year basis. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Insider Buying and Selling

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.26% of the company's stock.

Cheniere Energy Company 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.