Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 7.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 44,955 shares of the energy company's stock after acquiring an additional 3,252 shares during the period. Pallas Capital Advisors LLC's holdings in Cheniere Energy were worth $10,403,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BIP Wealth LLC lifted its position in shares of Cheniere Energy by 1.4% during the fourth quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock worth $762,000 after purchasing an additional 50 shares during the last quarter. Glen Eagle Advisors LLC increased its stake in Cheniere Energy by 3.7% in the 4th quarter. Glen Eagle Advisors LLC now owns 1,488 shares of the energy company's stock worth $320,000 after buying an additional 53 shares during the period. NDVR Inc. increased its stake in Cheniere Energy by 4.8% in the 4th quarter. NDVR Inc. now owns 1,188 shares of the energy company's stock worth $255,000 after buying an additional 54 shares during the period. Larson Financial Group LLC lifted its holdings in Cheniere Energy by 1.7% during the 4th quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company's stock valued at $719,000 after buying an additional 55 shares in the last quarter. Finally, American Money Management LLC boosted its position in Cheniere Energy by 0.5% in the 4th quarter. American Money Management LLC now owns 10,987 shares of the energy company's stock valued at $2,361,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LNG. Wolfe Research lowered shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Stifel Nicolaus dropped their price objective on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Scotiabank reduced their price objective on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Mizuho upped their target price on Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Finally, Bank of America increased their price target on Cheniere Energy from $254.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $252.23.

Cheniere Energy Stock Performance

LNG stock traded down $0.24 during trading on Thursday, reaching $234.76. The company had a trading volume of 1,295,420 shares, compared to its average volume of 1,895,311. The company has a market cap of $52.07 billion, a price-to-earnings ratio of 16.50 and a beta of 0.43. Cheniere Energy, Inc. has a twelve month low of $154.82 and a twelve month high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The firm has a 50-day simple moving average of $230.24 and a 200-day simple moving average of $225.01.

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 analysts' consensus estimates of $2.81 by ($1.24). The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The company's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 earnings per share. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Friday, May 9th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, May 9th. Cheniere Energy's dividend payout ratio (DPR) is 14.63%.

Insider Activity at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the firm's stock in a transaction that occurred on 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 owns 29,733 shares of the company's stock, valued at $7,312,236.69. This trade represents a 12.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by company insiders.

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.