Lee Financial Co Sells 1,330 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Lee Financial Co significantly reduced its holdings in Cheniere Energy, Inc. by 56.3%, selling 1,330 shares and leaving them with 1,033 shares valued at $239,000.
• Institutional investors own 87.26% of Cheniere Energy's stock, with several firms, including REAP Financial Group and Tsfg LLC, increasing their stakes in the company during the last quarters.
• The energy company reported strong earnings, with an EPS of $7.30 for the last quarter, exceeding expectations and marking a 42.8% increase in revenue year-over-year.

Lee Financial Co decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 56.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,033 shares of the energy company's stock after selling 1,330 shares during the period. Lee Financial Co's holdings in Cheniere Energy were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. REAP Financial Group LLC lifted its holdings in shares of Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after buying an additional 75 shares during the period. Banque Transatlantique SA purchased a new stake in Cheniere Energy in the fourth quarter worth about $32,000. Cooksen Wealth LLC purchased a new position in Cheniere Energy during the 1st quarter valued at about $38,000. Ameriflex Group Inc. bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $42,000. Finally, Tsfg LLC lifted its position in shares of Cheniere Energy by 676.0% in the 1st quarter. Tsfg LLC now owns 194 shares of the energy company's stock worth $45,000 after purchasing an additional 169 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the 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 transaction, the director owned 29,733 shares in the company, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LNG has been the topic of several research reports. Raymond James Financial reissued a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. TD Cowen boosted their price target on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the company a "buy" rating in a research report on Thursday, June 26th. Stifel Nicolaus reduced their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Wolfe Research downgraded shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Two investment 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. According to MarketBeat, Cheniere Energy has an average rating of "Moderate Buy" and an average price target of $261.93.

Cheniere Energy Stock Performance

NYSE LNG opened at $230.30 on Tuesday. The firm has a market capitalization of $50.61 billion, a P/E ratio of 13.44 and a beta of 0.43. Cheniere Energy, Inc. has a fifty-two week low of $175.14 and a fifty-two week high of $257.65. The stock has a 50-day simple moving average of $234.64 and a two-hundred day simple moving average of $228.92. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. During the same quarter last year, the company earned $3.84 EPS. The business's revenue was up 42.8% on a year-over-year basis. On average, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were given a dividend of $0.50 per share. The ex-dividend date was Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy's dividend payout ratio (DPR) is 11.68%.

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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