ELCO Management Co. LLC Sells 1,902 Shares of Cheniere Energy, Inc. (NYSE:LNG)

ELCO Management Co. LLC trimmed its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,537 shares of the energy company's stock after selling 1,902 shares during the quarter. Cheniere Energy makes up about 6.7% of ELCO Management Co. LLC's holdings, making the stock its biggest position. ELCO Management Co. LLC's holdings in Cheniere Energy were worth $12,157,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of LNG. Greenleaf Trust boosted its position in shares of Cheniere Energy by 1.1% during the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock worth $975,000 after purchasing an additional 46 shares in the last quarter. BIP Wealth LLC boosted its position in shares of Cheniere Energy by 1.4% during the 4th quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock worth $762,000 after purchasing an additional 50 shares in the last quarter. Glen Eagle Advisors LLC boosted its position in shares of Cheniere Energy by 3.7% during the 4th quarter. Glen Eagle Advisors LLC now owns 1,488 shares of the energy company's stock worth $320,000 after purchasing an additional 53 shares in the last quarter. NDVR Inc. boosted its position in shares of Cheniere Energy by 4.8% during the 4th quarter. NDVR Inc. now owns 1,188 shares of the energy company's stock worth $255,000 after purchasing an additional 54 shares in the last quarter. Finally, American Money Management LLC boosted its position in shares of Cheniere Energy by 0.5% in the 4th quarter. American Money Management LLC now owns 10,987 shares of the energy company's stock worth $2,361,000 after buying an additional 55 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Shares of LNG opened at $235.08 on Friday. The company's fifty day moving average is $235.79 and its 200-day moving average is $228.30. Cheniere Energy, Inc. has a 12 month low of $167.66 and a 12 month high of $257.65. The firm has a market cap of $52.14 billion, a price-to-earnings ratio of 17.20 and a beta of 0.42. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results 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). The company had revenue of $5.44 billion during 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 for the quarter was up 28.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.13 earnings per share. Equities analysts expect that Cheniere Energy, Inc. will post 11.69 EPS 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. Stockholders of record on Friday, August 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's dividend payout ratio is presently 14.63%.

Insider Activity

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction 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 owned 29,733 shares of the company's stock, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LNG. TD Cowen upped their target price on shares of Cheniere Energy from $260.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Argus initiated coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They set a "buy" rating and a $255.00 price objective for the company. Bank of America upped their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Wall Street Zen downgraded shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, UBS Group reissued a "buy" rating and set a $277.00 target price on shares of Cheniere Energy in a research report on Tuesday, March 18th. Two investment 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $258.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.