Cheniere Energy, Inc. $LNG Shares Sold by State of Wyoming

Key Points

• The State of Wyoming reduced its holdings in Cheniere Energy by 55.7%, now owning 870 shares valued at approximately $201,000.
• Cheniere Energy's recent quarterly earnings exceeded expectations, reporting $7.30 earnings per share and $4.64 billion in revenue, up 42.8% year-over-year.
• The company declared a quarterly dividend of $0.50, resulting in an annualized dividend yield of 0.8% and a payout ratio of 11.68%.

State of Wyoming trimmed its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 55.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 870 shares of the energy company's stock after selling 1,093 shares during the quarter. State of Wyoming's holdings in Cheniere Energy were worth $201,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. REAP Financial Group LLC boosted its position in Cheniere Energy by 150.0% during the fourth 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. Cooksen Wealth LLC purchased a new stake in shares of Cheniere Energy in the first quarter valued at $38,000. Ameriflex Group Inc. purchased a new stake in shares of Cheniere Energy in the fourth quarter valued at $42,000. Tsfg LLC lifted its position in shares of Cheniere Energy by 676.0% in the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after acquiring an additional 169 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Cheniere Energy by 2,587.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 215 shares of the energy company's stock valued at $50,000 after acquiring an additional 207 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LNG. Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the company a "buy" rating in a research report on Thursday, June 26th. Bank of America upped their price objective on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Mizuho upped their price objective on Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Finally, TD Cowen upped their price objective on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $263.29.

Cheniere Energy Trading Up 1.0%

Cheniere Energy stock traded up $2.40 during trading on Wednesday, hitting $236.81. The company's stock had a trading volume of 1,133,062 shares, compared to its average volume of 1,507,124. The stock has a market capitalization of $52.04 billion, a price-to-earnings ratio of 13.82 and a beta of 0.43. 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 moving average is $235.17 and its 200 day moving average is $230.99. Cheniere Energy, Inc. has a 1-year low of $175.14 and a 1-year high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping 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 return on equity of 37.83% and a net margin of 21.05%.The firm's revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.84 earnings per share. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, August 8th. This represents a $2.00 annualized dividend and a yield of 0.8%. Cheniere Energy's dividend payout ratio is currently 11.68%.

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.