1,175 Shares in Cheniere Energy, Inc. (NYSE:LNG) Acquired by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,175 shares of the energy company's stock, valued at approximately $272,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Cheniere Energy in the 4th quarter valued at about $629,197,000. Two Sigma Advisers LP boosted 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 during the last quarter. Raymond James Financial Inc. purchased a new position in Cheniere Energy in the 4th quarter valued at about $130,772,000. Invesco Ltd. boosted its position in Cheniere Energy by 16.1% in the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock valued at $695,599,000 after buying an additional 450,031 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Cheniere Energy by 10.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company's stock valued at $886,664,000 after buying an additional 379,142 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were 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 owned 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This trade represents a 12.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Price Performance

Shares of LNG traded down $2.50 during trading hours on Tuesday, hitting $236.06. 346,769 shares of the company were exchanged, compared to its average volume of 1,841,085. The company has a market capitalization of $52.36 billion, a PE ratio of 17.27 and a beta of 0.42. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. The firm has a fifty day simple moving average of $235.68 and a 200-day simple moving average of $227.72. Cheniere Energy, Inc. has a one year low of $167.66 and a one year high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The business's revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.13 earnings per share. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.50 per share. 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 is presently 14.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group reissued a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a research report on Tuesday, March 18th. Wolfe Research lowered shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Cowen restated a "buy" rating on shares of Cheniere Energy in a research note on Wednesday, June 25th. JPMorgan Chase & Co. upped their target price on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Finally, Bank of America upped their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Cheniere Energy has an average rating of "Moderate Buy" and an average target price of $258.36.

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.