NBC Securities Inc. Increases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

NBC Securities Inc. raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 107,100.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,144 shares of the energy company's stock after buying an additional 2,142 shares during the period. NBC Securities Inc.'s holdings in Cheniere Energy were worth $496,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. WR Wealth Planners LLC raised its stake in Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after buying an additional 97 shares during the last quarter. REAP Financial Group LLC raised its stake in Cheniere Energy by 150.0% during the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after buying an additional 75 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy during the 4th quarter valued at $29,000. Banque Transatlantique SA purchased a new stake in Cheniere Energy during the 4th quarter valued at $32,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Cheniere Energy during the 4th quarter valued at $42,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

Cheniere Energy stock traded down $0.87 during mid-day trading on Friday, hitting $243.02. The stock had a trading volume of 2,171,270 shares, compared to its average volume of 1,881,153. The firm has a market capitalization of $53.90 billion, a P/E ratio of 17.08 and a beta of 0.43. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm's 50 day moving average is $229.40 and its 200 day moving average is $224.83. Cheniere Energy, Inc. has a one year low of $154.82 and a one year high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last released 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 20.71% and a return on equity of 37.19%. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period last year, the company earned $2.13 EPS. The firm's revenue for the quarter was up 28.0% on a year-over-year basis. On average, sell-side analysts forecast 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 was paid on Monday, May 19th. Shareholders of record on Friday, May 9th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, May 9th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LNG. Wolfe Research downgraded shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. TD Cowen boosted their price objective on shares of Cheniere Energy from $250.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Stifel Nicolaus cut their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Raymond James reissued a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $252.23.

Insider Buying and Selling at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the company'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 sale, the director now directly owns 29,733 shares in the company, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company's stock.

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.