Invesco LLC Sells 1,822 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Invesco LLC lowered its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 37.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,077 shares of the energy company's stock after selling 1,822 shares during the quarter. Invesco LLC's holdings in Cheniere Energy were worth $712,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of Cheniere Energy by 4.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company's stock worth $1,220,858,000 after buying an additional 243,418 shares during the period. Massachusetts Financial Services Co. MA increased its holdings 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 worth $886,664,000 after acquiring an additional 379,142 shares in the last quarter. Invesco Ltd. lifted its holdings in Cheniere Energy by 16.1% during the fourth quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock valued at $695,599,000 after purchasing an additional 450,031 shares in the last quarter. Norges Bank bought a new position in shares of Cheniere Energy in the fourth quarter worth approximately $629,197,000. Finally, Amundi boosted its position in shares of Cheniere Energy by 19.9% in the fourth quarter. Amundi now owns 2,696,002 shares of the energy company's stock worth $606,907,000 after purchasing an additional 448,189 shares during the period. Institutional investors own 87.26% of the company's stock.

Insider Activity

In related news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the sale, the director now owns 29,733 shares in the company, valued at $7,312,236.69. This trade represents a 12.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.26% of the company's stock.

Cheniere Energy Trading Down 1.3%

NYSE LNG traded down $3.23 on Wednesday, hitting $236.72. 1,604,247 shares of the stock were exchanged, compared to its average volume of 1,877,289. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19. Cheniere Energy, Inc. has a 52-week low of $165.25 and a 52-week high of $257.65. The firm has a market capitalization of $52.50 billion, a P/E ratio of 17.32, a P/E/G ratio of 4.85 and a beta of 0.43. The stock has a fifty day moving average price of $234.08 and a two-hundred day moving average price of $225.84.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The firm had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. During the same period in the prior year, the firm posted $2.13 earnings per share. Cheniere Energy's revenue for the quarter was up 28.0% on a year-over-year basis. Research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.84%. Cheniere Energy's dividend payout ratio is 14.63%.

Analyst Ratings Changes

A number of research firms have commented on LNG. UBS Group reissued a "buy" rating and set a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Stifel Nicolaus decreased their target price on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Raymond James Financial reissued a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. TD Cowen lifted their price objective on shares of Cheniere Energy from $260.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $256.08.

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.