KLP Kapitalforvaltning AS Sells 4,800 Shares of Cheniere Energy, Inc. (NYSE:LNG)

KLP Kapitalforvaltning AS trimmed its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 5.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,876 shares of the energy company's stock after selling 4,800 shares during the period. KLP Kapitalforvaltning AS's holdings in Cheniere Energy were worth $19,178,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. REAP Financial Group LLC raised its holdings in Cheniere Energy by 150.0% during the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Banque Transatlantique SA acquired a new position in Cheniere Energy in the fourth quarter worth approximately $32,000. Cooksen Wealth LLC acquired a new position in Cheniere Energy in the first quarter worth approximately $38,000. Ameriflex Group Inc. acquired a new position in Cheniere Energy in the fourth quarter worth approximately $42,000. Finally, Nemes Rush Group LLC grew its position in Cheniere Energy by 2,022.2% in the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock worth $41,000 after buying an additional 182 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on LNG shares. Bank of America lifted their price target 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. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. TD Cowen lifted their price objective on shares of Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Wells Fargo & Company set a $267.00 price objective on shares of Cheniere Energy and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $260.36.

Insider Activity

In other news, Director Neal A. Shear sold 4,300 shares of the business's 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 transaction, the director owned 29,733 shares in the company, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.26% of the company's stock.

Cheniere Energy Stock Down 0.1%

Shares of LNG stock traded down $0.26 on Friday, hitting $225.54. The company's stock had a trading volume of 1,360,190 shares, compared to its average volume of 1,932,501. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. Cheniere Energy, Inc. has a fifty-two week low of $167.66 and a fifty-two week high of $257.65. The firm's fifty day moving average price is $235.04 and its 200-day moving average price is $229.20. The stock has a market capitalization of $50.02 billion, a price-to-earnings ratio of 16.50 and a beta of 0.42.

Cheniere Energy (NYSE:LNG - Get Free Report) last released 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 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 analyst estimates of $4.73 billion. During the same period in the prior year, the firm earned $2.13 EPS. The firm's revenue was up 28.0% on a year-over-year basis. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. Cheniere Energy's payout ratio is 14.63%.

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.