Gulf International Bank UK Ltd Has $3.06 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Gulf International Bank UK Ltd reduced its stake in Cheniere Energy by 27.4% to 13,236 shares, valued at approximately $3.06 million.
• Cheniere Energy reported $7.30 earnings per share (EPS) for its latest quarter, significantly exceeding the consensus estimate of $2.35 and showing a 42.8% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.50 per share, with a current dividend yield of 0.9%.

Gulf International Bank UK Ltd trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 27.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,236 shares of the energy company's stock after selling 4,989 shares during the period. Gulf International Bank UK Ltd's holdings in Cheniere Energy were worth $3,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP raised its position in Cheniere Energy by 7.6% during the first quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company's stock valued at $345,920,000 after buying an additional 105,875 shares during the period. Fractal Investments LLC boosted its position in Cheniere Energy by 27.7% during the first 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 last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Cheniere Energy by 7.5% during the first 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 last quarter. Avantax Advisory Services Inc. boosted its position in Cheniere Energy by 13.1% during the first quarter. Avantax Advisory Services Inc. now owns 11,765 shares of the energy company's stock valued at $2,722,000 after purchasing an additional 1,359 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in Cheniere Energy by 3.9% during the first quarter. Allianz Asset Management GmbH now owns 1,262,055 shares of the energy company's stock valued at $292,040,000 after purchasing an additional 47,104 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 0.6%

Shares of NYSE:LNG opened at $231.24 on Thursday. The company has a market cap of $50.82 billion, a P/E ratio of 13.50 and a beta of 0.43. The stock's 50-day moving average is $235.08 and its 200-day moving average is $228.79. Cheniere Energy, Inc. has a 52-week low of $175.14 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $4.95. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%. The firm's revenue was up 42.8% compared to the same quarter last year. During the same period last year, the business posted $3.84 earnings per share. Equities research 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 declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 8th. Cheniere Energy's dividend payout ratio (DPR) is currently 11.68%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LNG. Bank of America lifted their price objective on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the company a "buy" rating in a research report on Thursday, June 26th. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus lowered their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, fifteen 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 currently has an average rating of "Moderate Buy" and an average target price of $261.93.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the firm's stock in a transaction 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 sale, the director directly owned 29,733 shares in the company, valued at $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 available at the SEC website. 0.26% of the stock is owned by corporate 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.

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