Farmers Trust Co. Cuts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Farmers Trust Co. cut its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 6.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,157 shares of the energy company's stock after selling 1,894 shares during the period. Cheniere Energy makes up approximately 1.3% of Farmers Trust Co.'s investment portfolio, making the stock its 20th largest position. Farmers Trust Co.'s holdings in Cheniere Energy were worth $6,747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fractal Investments LLC boosted its stake in shares of Cheniere Energy by 31.0% in the 4th quarter. Fractal Investments LLC now owns 59,200 shares of the energy company's stock valued at $12,720,000 after purchasing an additional 14,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Cheniere Energy by 31.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company's stock valued at $7,812,000 after purchasing an additional 8,756 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in shares of Cheniere Energy by 10.2% in the 4th quarter. Leavell Investment Management Inc. now owns 19,514 shares of the energy company's stock valued at $4,193,000 after purchasing an additional 1,800 shares in the last quarter. Raab & Moskowitz Asset Management LLC boosted its stake in shares of Cheniere Energy by 46.3% in the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 9,345 shares of the energy company's stock valued at $2,008,000 after purchasing an additional 2,957 shares in the last quarter. Finally, Martin Investment Management LLC raised its holdings in Cheniere Energy by 615.4% in the 4th quarter. Martin Investment Management LLC now owns 28,223 shares of the energy company's stock valued at $6,064,000 after buying an additional 24,278 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 2.2%

LNG traded up $5.13 during midday trading on Friday, hitting $236.94. The company had a trading volume of 3,960,968 shares, compared to its average volume of 1,870,092. Cheniere Energy, Inc. has a 52 week low of $154.82 and a 52 week high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $52.55 billion, a price-to-earnings ratio of 16.65 and a beta of 0.41. The stock's 50 day moving average price is $228.03 and its 200 day moving average price is $223.81.

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 net margin of 20.71% and a return on equity of 37.19%. The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period last year, the firm posted $2.13 earnings per share. The company's revenue for the quarter was up 28.0% on a year-over-year basis. On average, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Friday, May 9th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.84%. The ex-dividend date was Friday, May 9th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Wall Street Analyst Weigh In

LNG has been the topic of several recent research reports. Argus initiated coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They set a "buy" rating and a $255.00 target price on the stock. Scotiabank cut their target price on shares of Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Bank of America lifted their target price on shares of Cheniere Energy from $254.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. UBS Group reiterated a "buy" rating and set a $277.00 target price on shares of Cheniere Energy in a research report on Tuesday, March 18th. Finally, Wolfe Research downgraded shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Cheniere Energy has an average rating of "Moderate Buy" and a consensus target price of $252.23.

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.