Sumitomo Mitsui Trust Group Inc. Cuts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 523,745 shares of the energy company's stock after selling 3,563 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Cheniere Energy worth $121,195,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Patron Partners LLC increased its holdings in Cheniere Energy by 10.7% during the first quarter. Patron Partners LLC now owns 7,519 shares of the energy company's stock valued at $1,740,000 after buying an additional 725 shares during the period. Tsfg LLC grew its holdings in Cheniere Energy by 676.0% in the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock worth $45,000 after purchasing an additional 169 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Cheniere Energy by 81.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 356,424 shares of the energy company's stock worth $82,316,000 after purchasing an additional 159,836 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in Cheniere Energy by 7.1% in the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 541,142 shares of the energy company's stock worth $125,220,000 after purchasing an additional 36,020 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Cheniere Energy by 2.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,713 shares of the energy company's stock worth $8,532,000 after purchasing an additional 1,049 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on LNG. Bank of America lifted their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Argus began coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price target on the stock. Mizuho lifted their price target on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a report on Wednesday. Finally, UBS Group reiterated a "buy" rating and set a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $258.36.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the company's stock in a transaction dated 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 transaction, 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 legal filing with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by insiders.

Cheniere Energy Trading Down 0.9%

NYSE LNG opened at $239.87 on Monday. The company has a market capitalization of $53.20 billion, a PE ratio of 17.55 and a beta of 0.43. The company has a fifty day moving average of $234.64 and a 200 day moving average of $226.45. Cheniere Energy, Inc. has a 1 year low of $167.66 and a 1 year high of $320.00. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06.

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 18.37% and a return on equity of 32.62%. 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. Research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.83%. Cheniere Energy's dividend payout ratio is presently 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.

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSE:LNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.