Ninety One UK Ltd Sells 2,804 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Ninety One UK Ltd cut its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 0.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,506,913 shares of the energy company's stock after selling 2,804 shares during the period. Ninety One UK Ltd owned approximately 0.68% of Cheniere Energy worth $348,700,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. REAP Financial Group LLC increased its stake in shares of Cheniere Energy by 150.0% during the 4th 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 purchased a new position in shares of Cheniere Energy during the 4th quarter worth approximately $32,000. Cooksen Wealth LLC purchased a new position in shares of Cheniere Energy during the 1st quarter worth approximately $38,000. Ameriflex Group Inc. purchased a new position in shares of Cheniere Energy during the 4th quarter worth approximately $42,000. Finally, Nemes Rush Group LLC increased its stake in shares of Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock worth $41,000 after purchasing an additional 182 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the sale, the director owned 29,733 shares in the company, valued at approximately $7,312,236.69. This trade represents a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wolfe Research cut shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Stifel Nicolaus decreased their price target on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Mizuho lifted their price target on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. lifted their price target on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Finally, TD Cowen lifted their price target on shares of Cheniere Energy from $260.00 to $265.00 and gave the company a "buy" rating in a 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 issued a strong buy rating to the stock. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.36.

Cheniere Energy Stock Performance

Cheniere Energy stock traded down $1.29 during mid-day trading on Wednesday, reaching $235.49. The company had a trading volume of 1,579,441 shares, compared to its average volume of 1,847,331. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24. Cheniere Energy, Inc. has a 52 week low of $167.66 and a 52 week high of $257.65. The company has a 50 day moving average of $235.66 and a 200-day moving average of $227.78. The firm has a market cap of $52.23 billion, a price-to-earnings ratio of 17.23 and a beta of 0.42.

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 analysts' consensus estimates of $2.81 by ($1.24). The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. Cheniere Energy's revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 earnings per share. On average, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 EPS 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 given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, August 8th. Cheniere Energy's payout ratio is presently 14.63%.

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.