Cheniere Energy, Inc. (NYSE:LNG) Stock Holdings Lowered by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 31.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,110 shares of the energy company's stock after selling 1,909 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Cheniere Energy were worth $951,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on LNG. Stifel Nicolaus decreased their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. TD Cowen raised their target price on Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday. UBS Group restated a "buy" rating and set a $277.00 price objective on shares of Cheniere Energy in a research report on Tuesday, March 18th. JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Finally, Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $256.08.

Insiders Place Their Bets

In related news, Director Neal A. Shear sold 4,300 shares of the business'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 transaction of $1,057,499.00. Following the sale, the director now owns 29,733 shares of the company's stock, valued at $7,312,236.69. The trade was a 12.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Trading Down 1.3%

LNG traded down $3.23 during trading on Wednesday, hitting $236.72. The company's stock had a trading volume of 1,513,949 shares, compared to its average volume of 1,876,994. The stock has a market cap of $52.50 billion, a PE ratio of 17.32, a PEG ratio of 4.85 and a beta of 0.43. The firm's 50 day moving average price is $234.08 and its 200-day moving average price is $225.84. Cheniere Energy, Inc. has a twelve month low of $165.25 and a twelve month high of $257.65. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data 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). 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 for the quarter, compared to analysts' expectations of $4.73 billion. During the same quarter in the prior year, the business earned $2.13 EPS. The company's revenue for the quarter was up 28.0% on a year-over-year basis. On average, analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed 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 0.84%. The ex-dividend date is Friday, August 8th. Cheniere Energy's dividend payout ratio is presently 14.63%.

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.