Joel Isaacson & Co. LLC Buys Shares of 1,524 Cheniere Energy, Inc. (NYSE:LNG)

Joel Isaacson & Co. LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,524 shares of the energy company's stock, valued at approximately $353,000.

A number of other hedge funds have also made changes to their positions in the stock. WR Wealth Planners LLC increased its stake in Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after buying an additional 97 shares during the period. REAP Financial Group LLC increased its stake in shares of Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter worth $29,000. Banque Transatlantique SA purchased a new stake in shares of Cheniere Energy during the fourth quarter worth $32,000. Finally, Ameriflex Group Inc. acquired a new stake in Cheniere Energy during the fourth quarter valued at $42,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LNG shares. TD Cowen upped their target price on Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Scotiabank lowered their price target on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen downgraded Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Bank of America raised their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. boosted 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 analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $258.36.

Cheniere Energy Price Performance

NYSE LNG opened at $239.87 on Monday. Cheniere Energy, Inc. has a 1 year low of $167.66 and a 1 year high of $320.00. The company has a fifty day simple moving average of $234.64 and a 200 day simple moving average of $226.45. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24. The company has a market cap of $53.20 billion, a P/E ratio of 17.55 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) 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 firm's revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the company earned $2.13 earnings per share. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, August 8th. Cheniere Energy's dividend payout ratio (DPR) is currently 14.63%.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the 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 completion of the sale, the director now directly owns 29,733 shares of the company's stock, valued at $7,312,236.69. This represents a 12.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company's stock.

About Cheniere Energy

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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