Evergreen Capital Management LLC Sells 5,345 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Evergreen Capital Management LLC reduced its stake in Cheniere Energy by 32.0%, selling 5,345 shares, leaving it with 11,380 shares valued at approximately $2.63 million.
• Cheniere Energy reported strong quarterly earnings of $7.30 per share, exceeding analysts' expectations and marking a 42.8% year-over-year revenue growth.
• Several analysts raised their target prices for Cheniere Energy, with Wells Fargo increasing it to $284.00 and Mizuho to $273.00, indicating a general trend of confidence in the stock's performance.

Evergreen Capital Management LLC lowered its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 32.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,380 shares of the energy company's stock after selling 5,345 shares during the quarter. Evergreen Capital Management LLC's holdings in Cheniere Energy were worth $2,633,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. REAP Financial Group LLC raised 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 last quarter. Banque Transatlantique SA acquired a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $32,000. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy during the 1st quarter worth approximately $38,000. WPG Advisers LLC acquired a new stake in shares of Cheniere Energy during the 1st quarter worth approximately $38,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $42,000. Institutional investors own 87.26% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bank of America raised their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. TD Cowen lifted their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Barclays reissued an "overweight" rating and issued a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Mizuho lifted their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $263.29.

Cheniere Energy Stock Performance

Shares of NYSE:LNG traded down $0.91 during midday trading on Thursday, reaching $238.48. The company had a trading volume of 500,325 shares, compared to its average volume of 2,075,604. The company's 50 day moving average price is $235.64 and its 200 day moving average price is $230.42. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The stock has a market cap of $52.41 billion, a P/E ratio of 13.92 and a beta of 0.43. Cheniere Energy, Inc. has a 52-week low of $175.14 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the previous year, the firm earned $3.84 EPS. The firm's quarterly revenue was up 42.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 8th. Cheniere Energy's payout ratio is currently 11.68%.

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.