Daymark Wealth Partners LLC Takes $432,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Daymark Wealth Partners LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,866 shares of the energy company's stock, valued at approximately $432,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. WR Wealth Planners LLC increased its position in shares of Cheniere Energy by 373.1% in the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after acquiring an additional 97 shares in the last quarter. REAP Financial Group LLC increased its holdings in Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after buying an additional 75 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy in the 4th quarter valued at $29,000. Banque Transatlantique SA bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $32,000. Finally, Nemes Rush Group LLC grew its holdings in Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock worth $41,000 after acquiring an additional 182 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Down 0.1%

NYSE LNG traded down $0.24 on Thursday, reaching $234.76. The company had a trading volume of 1,295,420 shares, compared to its average volume of 1,897,782. Cheniere Energy, Inc. has a 52-week low of $154.82 and a 52-week high of $257.65. The stock has a market capitalization of $52.07 billion, a P/E ratio of 16.50 and a beta of 0.43. The company's fifty day moving average is $230.91 and its 200 day moving average is $225.12. 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 quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $4.73 billion. During the same period last year, the business posted $2.13 EPS. The company's revenue was up 28.0% compared to the same quarter last year. Sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were given a dividend of $0.50 per share. The ex-dividend date was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LNG. Wolfe Research downgraded shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Wall Street Zen downgraded Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. JPMorgan Chase & Co. boosted their price target on Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. UBS Group reiterated a "buy" rating and issued a $277.00 target price on shares of Cheniere Energy in a research report on Tuesday, March 18th. Finally, Raymond James restated a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $252.23.

Insider Activity

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy 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 transaction, the director now directly owns 29,733 shares of the company's stock, valued at $7,312,236.69. The trade was a 12.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.