Exchange Traded Concepts LLC Buys 13,587 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Exchange Traded Concepts LLC grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 239,048 shares of the energy company's stock after purchasing an additional 13,587 shares during the quarter. Cheniere Energy makes up 0.9% of Exchange Traded Concepts LLC's portfolio, making the stock its 23rd largest holding. Exchange Traded Concepts LLC owned about 0.11% of Cheniere Energy worth $55,316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in LNG. Norges Bank acquired a new position in shares of Cheniere Energy during the fourth quarter valued at $629,197,000. Two Sigma Advisers LP grew its position in Cheniere Energy by 84.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company's stock valued at $354,858,000 after buying an additional 756,900 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Cheniere Energy during the 4th quarter valued at about $130,772,000. Proficio Capital Partners LLC raised its position in shares of Cheniere Energy by 18,281.6% during the 4th quarter. Proficio Capital Partners LLC now owns 575,897 shares of the energy company's stock worth $123,743,000 after buying an additional 572,764 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Cheniere Energy by 16.1% during the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock worth $695,599,000 after buying an additional 450,031 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Insider Buying and Selling

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 value of $1,057,499.00. Following the completion of the sale, the director now directly owns 29,733 shares in the company, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by insiders.

Cheniere Energy Stock Up 1.3%

Shares of LNG stock traded up $2.95 during trading on Friday, reaching $237.99. The company's stock had a trading volume of 1,482,102 shares, compared to its average volume of 1,898,132. The company has a market cap of $52.78 billion, a price-to-earnings ratio of 16.72 and a beta of 0.43. Cheniere Energy, Inc. has a one year low of $154.82 and a one year high of $257.65. The business has a fifty day moving average price of $231.58 and a 200-day moving average price of $225.26. 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 posted its quarterly 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). Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same period last year, the firm earned $2.13 EPS. The firm's revenue for the quarter was up 28.0% compared to the same quarter last year. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were paid 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 0.84%. Cheniere Energy's dividend payout ratio (DPR) is currently 14.63%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LNG. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Argus assumed coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price objective on the stock. Mizuho increased their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Bank of America raised their target price on shares of Cheniere Energy from $254.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Stifel Nicolaus dropped their price target on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $252.23.

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.