RR Advisors LLC Reduces Holdings in Cheniere Energy, Inc. $LNG

Key Points

• RR Advisors LLC has trimmed its holdings in Cheniere Energy, Inc. by 2.2%, now owning 178,000 shares which represents around 9.8% of its portfolio.
• The company reported a significant EPS of $7.30 for the quarter, surpassing analysts' expectations of $2.35, and its revenue increased by 42.8% year-over-year.
• Cheniere Energy announced a quarterly dividend of $0.50 per share, translating to a $2.00 annualized dividend and a yield of 0.9%.

RR Advisors LLC cut its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 2.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 178,000 shares of the energy company's stock after selling 4,000 shares during the quarter. Cheniere Energy comprises 9.8% of RR Advisors LLC's holdings, making the stock its 2nd largest position. RR Advisors LLC owned 0.08% of Cheniere Energy worth $41,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. acquired a new stake in Cheniere Energy in the first quarter valued at approximately $529,000. American Century Companies Inc. lifted its position in Cheniere Energy by 27.6% during the first quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company's stock worth $301,804,000 after buying an additional 282,050 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its position in Cheniere Energy by 7.6% during the first quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company's stock worth $345,920,000 after buying an additional 105,875 shares in the last quarter. Fractal Investments LLC lifted its position in Cheniere Energy by 27.7% during the first quarter. Fractal Investments LLC now owns 75,585 shares of the energy company's stock worth $17,490,000 after buying an additional 16,385 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Cheniere Energy by 7.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company's stock valued at $5,439,000 after purchasing an additional 1,630 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LNG has been the subject of a number of research reports. TD Cowen lifted their price objective on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Wolfe Research downgraded Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Barclays reaffirmed an "overweight" rating and set a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the stock a "buy" rating in a report on Thursday, June 26th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of "Moderate Buy" and a consensus price target of $261.93.

Insider Buying and Selling

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the 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 transaction, the director owned 29,733 shares in the company, valued at $7,312,236.69. This represents a 12.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.26% of the company's stock.

Cheniere Energy Price Performance

Shares of NYSE LNG traded up $0.16 during mid-day trading on Monday, hitting $230.30. 1,355,697 shares of the stock were exchanged, compared to its average volume of 2,053,004. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The stock's fifty day simple moving average is $234.64 and its two-hundred day simple moving average is $228.92. Cheniere Energy, Inc. has a twelve month low of $175.14 and a twelve month high of $257.65. The company has a market cap of $50.61 billion, a P/E ratio of 13.44 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $4.95. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The firm's revenue was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.84 EPS. As a group, analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.9%. Cheniere Energy's dividend payout ratio is 11.68%.

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.