Envestnet Asset Management Inc. Purchases 34,003 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Envestnet Asset Management Inc. increased its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 9.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 379,097 shares of the energy company's stock after acquiring an additional 34,003 shares during the quarter. Envestnet Asset Management Inc. owned about 0.17% of Cheniere Energy worth $87,723,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LNG. Norges Bank bought a new stake in Cheniere Energy during the fourth quarter valued at approximately $629,197,000. Two Sigma Advisers LP lifted its position in 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 valued at $354,858,000 after purchasing an additional 756,900 shares during the last quarter. Invesco Ltd. lifted its position in Cheniere Energy by 16.1% during the fourth quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock valued at $695,599,000 after purchasing an additional 450,031 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in 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 valued at $886,664,000 after purchasing an additional 379,142 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Cheniere Energy by 25,232.4% during the first quarter. GAMMA Investing LLC now owns 342,241 shares of the energy company's stock valued at $79,195,000 after purchasing an additional 340,890 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LNG. Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. TD Cowen lifted their target price on shares of Cheniere Energy from $260.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Wells Fargo & Company set a $267.00 target price on shares of Cheniere Energy and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Scotiabank decreased their price target on shares of 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. Finally, Cowen reissued a "buy" rating on shares of Cheniere Energy in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Cheniere Energy presently has an average rating of "Moderate Buy" and an average target price of $258.36.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $234.06 on Friday. The firm has a market cap of $51.91 billion, a PE ratio of 17.12 and a beta of 0.42. Cheniere Energy, Inc. has a 12-month low of $167.66 and a 12-month high of $257.65. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24. The company's fifty day simple moving average is $235.81 and its two-hundred day simple moving average is $228.00.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). The firm had revenue of $5.44 billion during 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%. Cheniere Energy's revenue was up 28.0% on a year-over-year basis. During the same period last year, the business earned $2.13 EPS. As a group, equities analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

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

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the firm's stock in a transaction on 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 sale, the director owned 29,733 shares of the company's stock, valued at $7,312,236.69. This trade represents a 12.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

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.

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