Harbor Capital Advisors Inc. Invests $1.05 Million in Cheniere Energy, Inc. (NYSE:LNG)

Harbor Capital Advisors Inc. bought a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,549 shares of the energy company's stock, valued at approximately $1,053,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BIP Wealth LLC boosted its stake in Cheniere Energy by 1.4% during the 4th quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock valued at $762,000 after acquiring an additional 50 shares during the last quarter. Glen Eagle Advisors LLC boosted its stake in Cheniere Energy by 3.7% during the 4th quarter. Glen Eagle Advisors LLC now owns 1,488 shares of the energy company's stock valued at $320,000 after acquiring an additional 53 shares during the last quarter. NDVR Inc. boosted its stake in Cheniere Energy by 4.8% during the 4th quarter. NDVR Inc. now owns 1,188 shares of the energy company's stock valued at $255,000 after acquiring an additional 54 shares during the last quarter. Larson Financial Group LLC boosted its stake in Cheniere Energy by 1.7% during the 4th quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company's stock valued at $719,000 after acquiring an additional 55 shares during the last quarter. Finally, American Money Management LLC boosted its stake in Cheniere Energy by 0.5% during the 4th quarter. American Money Management LLC now owns 10,987 shares of the energy company's stock valued at $2,361,000 after acquiring an additional 55 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the company's stock in a transaction dated 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 now owns 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by insiders.

Cheniere Energy Stock Performance

Cheniere Energy stock traded down $5.46 on Monday, reaching $232.88. 732,496 shares of the stock were exchanged, compared to its average volume of 1,893,573. The stock has a market cap of $51.65 billion, a PE ratio of 16.39 and a beta of 0.43. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a twelve month low of $154.82 and a twelve month high of $257.65. The firm has a fifty day moving average price of $231.58 and a two-hundred day moving average price of $225.28.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted 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). Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the previous year, the firm earned $2.13 EPS. The business's revenue was up 28.0% compared to the same quarter last year. Sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, May 9th. Cheniere Energy's payout ratio is 14.63%.

Analyst Upgrades and Downgrades

A number of research firms have commented on LNG. Scotiabank reduced their price objective on shares of Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th. Raymond James restated a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Argus started coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price target on the stock. Wall Street Zen cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Bank of America increased their price objective on shares of Cheniere Energy from $254.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $252.23.

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.