Kieckhefer Group LLC Purchases 16,775 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Kieckhefer Group LLC grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1,729.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,745 shares of the energy company's stock after purchasing an additional 16,775 shares during the quarter. Cheniere Energy makes up about 3.0% of Kieckhefer Group LLC's holdings, making the stock its 10th biggest position. Kieckhefer Group LLC's holdings in Cheniere Energy were worth $4,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at approximately $335,000. Y Intercept Hong Kong Ltd purchased a new stake in Cheniere Energy in the 4th quarter valued at $218,000. Oppenheimer Asset Management Inc. boosted its stake in Cheniere Energy by 4.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,285 shares of the energy company's stock worth $2,210,000 after purchasing an additional 436 shares during the period. Mutual of America Capital Management LLC grew its position in Cheniere Energy by 9.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 5,335 shares of the energy company's stock worth $1,146,000 after purchasing an additional 453 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in Cheniere Energy in the fourth quarter valued at $291,000. Hedge funds and other institutional investors own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of research reports. Argus started coverage on Cheniere Energy in a report on Tuesday, March 18th. They set a "buy" rating and a $255.00 price target on the stock. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. TD Cowen upped their price target on Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Stifel Nicolaus lowered their price objective 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. Finally, Bank of America upped their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Two 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 has an average rating of "Moderate Buy" and an average target price of $258.36.

Cheniere Energy Price Performance

LNG traded up $3.99 during trading on Wednesday, reaching $240.03. 1,864,118 shares of the stock were exchanged, compared to its average volume of 1,847,750. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. The company has a market capitalization of $53.24 billion, a price-to-earnings ratio of 17.56 and a beta of 0.42. Cheniere Energy, Inc. has a 1 year low of $167.66 and a 1 year high of $257.65. The business's 50 day moving average price is $235.16 and its two-hundred day moving average price is $226.73.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its 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 business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The business's revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 EPS. As a group, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Insiders Place Their Bets

In other news, Director Neal A. Shear sold 4,300 shares of the company's stock in a transaction on Thursday, June 5th. The stock was 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 represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.26% of the company's stock.

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.