Kentucky Retirement Systems Insurance Trust Fund Makes New $1.50 Million Investment in Cheniere Energy, Inc. (NYSE:LNG)

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,496 shares of the energy company's stock, valued at approximately $1,503,000.

Other institutional investors have also added to or reduced their stakes in the company. WR Wealth Planners LLC boosted its holdings in Cheniere Energy by 373.1% in the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after acquiring an additional 97 shares in the last quarter. REAP Financial Group LLC boosted its holdings in 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 in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Cheniere Energy in the fourth quarter worth about $29,000. Banque Transatlantique SA purchased a new position in shares of Cheniere Energy in the fourth quarter worth about $32,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Cheniere Energy in the fourth quarter worth about $42,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LNG shares. JPMorgan Chase & Co. raised their price objective on Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. TD Cowen raised their price objective on Cheniere Energy from $250.00 to $260.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Stifel Nicolaus reduced their price objective on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Wall Street Zen cut Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.23.

Cheniere Energy Price Performance

LNG traded down $2.09 during trading on Monday, hitting $232.86. The company's stock had a trading volume of 1,412,137 shares, compared to its average volume of 1,880,465. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24. Cheniere Energy, Inc. has a twelve month low of $165.25 and a twelve month high of $257.65. The business's fifty day simple moving average is $233.83 and its 200 day simple moving average is $225.74. The firm has a market capitalization of $51.65 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 4.90 and a beta of 0.43.

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

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's payout ratio is 14.63%.

Insider Buying and Selling

In related news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was 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 directly owns 29,733 shares in the company, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is 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.