Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,609 shares of the energy company's stock after acquiring an additional 1,403 shares during the period. Park Avenue Securities LLC's holdings in Cheniere Energy were worth $1,529,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Mizuho lifted their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Argus started coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They set a "buy" rating and a $255.00 price objective for the company. TD Cowen boosted their price target on Cheniere Energy from $250.00 to $260.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Wolfe Research lowered shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Finally, UBS Group reissued a "buy" rating and set a $277.00 target price on shares of Cheniere Energy in a report on Tuesday, March 18th. Two 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $252.23.

Insider Activity at Cheniere Energy

In related news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction on 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 now directly owns 29,733 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.26% of the company's stock.

Cheniere Energy Stock Performance

Shares of NYSE LNG traded down $0.24 during mid-day trading on Thursday, hitting $234.76. The stock had a trading volume of 1,295,420 shares, compared to its average volume of 1,897,782. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a twelve month low of $154.82 and a twelve month high of $257.65. The firm has a market cap of $52.07 billion, a PE ratio of 16.50 and a beta of 0.43. The company has a 50 day moving average of $230.24 and a two-hundred day moving average of $225.01.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The business's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 earnings per share. Research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Friday, May 9th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis 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%.

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.