Fortem Financial Group LLC Increases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Fortem Financial Group LLC grew its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 182.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,142 shares of the energy company's stock after purchasing an additional 2,031 shares during the quarter. Fortem Financial Group LLC's holdings in Cheniere Energy were worth $727,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LNG. REAP Financial Group LLC lifted its holdings in shares of Cheniere Energy by 150.0% in the fourth 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 in the last quarter. Banque Transatlantique SA bought a new position in shares of Cheniere Energy in the fourth quarter valued at approximately $32,000. Cooksen Wealth LLC bought a new position in shares of Cheniere Energy in the first quarter valued at approximately $38,000. Nemes Rush Group LLC lifted its holdings in shares of Cheniere Energy by 2,022.2% in the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after purchasing an additional 182 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new position in shares of Cheniere Energy in the fourth quarter valued at approximately $42,000. Institutional investors own 87.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Bank of America raised their target price on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Argus started coverage on Cheniere Energy in a report on Tuesday, March 18th. They set a "buy" rating and a $255.00 price target on the stock. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a report on Wednesday, June 25th. Raymond James Financial reiterated a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Finally, Wall Street Zen lowered Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $258.36.

Insider Buying and Selling at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction 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 transaction, the director directly owned 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.26% of the company's stock.

Cheniere Energy Stock Performance

Shares of LNG traded up $0.85 during mid-day trading on Friday, hitting $235.08. The stock had a trading volume of 1,706,075 shares, compared to its average volume of 1,845,504. The firm has a market cap of $52.14 billion, a P/E ratio of 17.20 and a beta of 0.42. The business has a fifty day moving average price of $235.79 and a 200-day moving average price of $228.17. 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, Inc. has a 52 week low of $167.66 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 18.37% and a return on equity of 32.62%. The business's quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 earnings per share. On average, equities research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

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

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.