Graham Capital Wealth Management LLC Has $5.73 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Graham Capital Wealth Management LLC has decreased its stake in Cheniere Energy by 15.3%, selling 4,461 shares, which makes Cheniere its largest holding at 6.5% of its portfolio.
• Wall Street analysts have provided a generally positive outlook on Cheniere Energy, with 15 analysts issuing a buy rating and target prices ranging up to $288.00.
• Cheniere Energy recently announced a quarterly dividend of $0.50 per share, reflecting a dividend yield of 0.89% and a payout ratio of 14.63%.

Graham Capital Wealth Management LLC lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 15.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,774 shares of the energy company's stock after selling 4,461 shares during the quarter. Cheniere Energy comprises 6.5% of Graham Capital Wealth Management LLC's portfolio, making the stock its biggest holding. Graham Capital Wealth Management LLC's holdings in Cheniere Energy were worth $5,733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP raised its stake in Cheniere Energy by 7.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company's stock valued at $345,920,000 after purchasing an additional 105,875 shares during the period. Fractal Investments LLC raised its stake in Cheniere Energy by 27.7% during the 1st quarter. Fractal Investments LLC now owns 75,585 shares of the energy company's stock valued at $17,490,000 after purchasing an additional 16,385 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Cheniere Energy by 7.5% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company's stock valued at $5,439,000 after purchasing an additional 1,630 shares during the period. Martin Investment Management LLC raised its stake in Cheniere Energy by 615.4% during the 4th quarter. Martin Investment Management LLC now owns 28,223 shares of the energy company's stock valued at $6,064,000 after purchasing an additional 24,278 shares during the period. Finally, Bessemer Group Inc. raised its stake in Cheniere Energy by 3.8% during the 4th quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company's stock valued at $8,032,000 after purchasing an additional 1,359 shares during the period. Institutional investors own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LNG shares. Wolfe Research downgraded Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the company a "buy" rating in a report on Thursday, June 26th. TD Cowen raised their price target on Cheniere Energy from $260.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Finally, Wall Street Zen cut 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $260.36.

Cheniere Energy Stock Up 1.0%

NYSE LNG traded up $2.43 on Thursday, reaching $235.72. 897,073 shares of the stock traded hands, compared to its average volume of 2,136,289. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19. The company has a fifty day moving average price of $235.08 and a 200-day moving average price of $229.33. The company has a market cap of $52.28 billion, a price-to-earnings ratio of 17.25 and a beta of 0.42. Cheniere Energy, Inc. has a 12 month low of $167.66 and a 12 month 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 for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). The firm had revenue of $5.44 billion for 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 company's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period last year, the firm earned $2.13 earnings per share. As a group, research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Neal A. Shear sold 4,300 shares of the business's 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 of the company's stock, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by company insiders.

Cheniere Energy 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.