Paragon Advisors LLC Sells 4,089 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Paragon Advisors LLC cut its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 24.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,771 shares of the energy company's stock after selling 4,089 shares during the period. Cheniere Energy makes up approximately 1.1% of Paragon Advisors LLC's investment portfolio, making the stock its 28th largest position. Paragon Advisors LLC's holdings in Cheniere Energy were worth $2,955,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LNG. Norges Bank bought a new stake in shares of Cheniere Energy during the 4th quarter valued at $629,197,000. Two Sigma Advisers LP increased its holdings in Cheniere Energy by 84.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company's stock valued at $354,858,000 after buying an additional 756,900 shares during the period. Raymond James Financial Inc. bought a new position in Cheniere Energy in the 4th quarter valued at about $130,772,000. Proficio Capital Partners LLC raised its position in shares of Cheniere Energy by 18,281.6% in the 4th quarter. Proficio Capital Partners LLC now owns 575,897 shares of the energy company's stock valued at $123,743,000 after buying an additional 572,764 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Cheniere Energy by 16.1% during the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock worth $695,599,000 after acquiring an additional 450,031 shares during the period. 87.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Neal A. Shear sold 4,300 shares of the company's stock in a transaction 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 completion of the sale, the director now owns 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 filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by company insiders.

Cheniere Energy Trading Up 0.6%

LNG stock traded up $1.42 during midday trading on Tuesday, hitting $230.20. The stock had a trading volume of 2,219,081 shares, compared to its average volume of 1,895,448. 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 has a market cap of $51.05 billion, a P/E ratio of 16.18 and a beta of 0.43. The business has a fifty day moving average price of $229.28 and a two-hundred day moving average price of $224.91. Cheniere Energy, Inc. has a 1-year low of $154.82 and a 1-year high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly 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 the consensus estimate of $4.73 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Cheniere Energy's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.13 earnings per share. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Friday, May 9th. Cheniere Energy's payout ratio is 14.63%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LNG. Raymond James reissued a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Stifel Nicolaus decreased their price target 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. Wolfe Research downgraded Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. UBS Group reaffirmed a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. boosted their target price on Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $252.23.

Cheniere Energy Company 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.