Miller Howard Investments Inc. NY Lowers Position in Cheniere Energy, Inc. (NYSE:LNG)

Miller Howard Investments Inc. NY cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 12.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 161,962 shares of the energy company's stock after selling 23,582 shares during the quarter. Miller Howard Investments Inc. NY owned approximately 0.07% of Cheniere Energy worth $37,478,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LNG. REAP Financial Group LLC boosted its stake 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 buying an additional 75 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cheniere Energy during the fourth quarter worth approximately $29,000. Banque Transatlantique SA bought a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $32,000. Nemes Rush Group LLC boosted its stake in shares of Cheniere Energy by 2,022.2% in the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after purchasing an additional 182 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new position in shares of Cheniere Energy during the 4th quarter valued at $42,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Down 0.3%

LNG traded down $0.81 during midday trading on Thursday, reaching $239.46. 1,049,816 shares of the company's stock traded hands, compared to its average volume of 1,848,015. Cheniere Energy, Inc. has a 52 week low of $167.66 and a 52 week high of $257.65. 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 firm has a fifty day moving average of $235.54 and a two-hundred day moving average of $227.02. The stock has a market capitalization of $53.11 billion, a price-to-earnings ratio of 17.52 and a beta of 0.42.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (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 for the quarter, compared to analysts' expectations of $4.73 billion. During the same period last year, the firm posted $2.13 earnings per share. Cheniere Energy's quarterly revenue was up 28.0% on a year-over-year basis. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 annualized dividend and a yield of 0.84%. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Insider Activity at Cheniere Energy

In related 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 $7,312,236.69. The trade was a 12.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LNG shares. Wolfe Research cut shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. TD Cowen lifted their price objective on Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. 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. JPMorgan Chase & Co. increased their target price on Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Finally, Mizuho lifted their price target on Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.36.

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.