Texas Yale Capital Corp. Has $6.64 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Key Points

• Texas Yale Capital Corp. increased its stake in Cheniere Energy by 66.3%, acquiring an additional 11,446 shares during the first quarter, bringing its total holdings to 28,698 shares valued at $6.64 million.
• Cheniere Energy's target price varies among analysts, with JPMorgan Chase raising it to $265.00 and Bank of America increasing it to $271.00, while Stifel Nicolaus has set a lower target at $247.00.
• Cheniere Energy plans to pay a quarterly dividend of $0.50 on August 18th, representing an annualized yield of 0.89%.

Texas Yale Capital Corp. increased its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 66.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,698 shares of the energy company's stock after purchasing an additional 11,446 shares during the period. Texas Yale Capital Corp.'s holdings in Cheniere Energy were worth $6,641,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. REAP Financial Group LLC boosted its position in shares of Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after acquiring an additional 75 shares during the period. Banque Transatlantique SA acquired a new position in Cheniere Energy during the fourth quarter worth $32,000. Cooksen Wealth LLC acquired a new position in Cheniere Energy during the first quarter worth $38,000. Nemes Rush Group LLC grew its position in shares of Cheniere Energy by 2,022.2% in the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after acquiring an additional 182 shares during the period. Finally, Ameriflex Group Inc. acquired a new position in shares of Cheniere Energy during the 4th quarter worth about $42,000. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Performance

NYSE:LNG traded up $3.03 during trading hours on Monday, reaching $228.40. The company had a trading volume of 2,793,447 shares, compared to its average volume of 1,876,846. The firm has a market cap of $50.66 billion, a PE ratio of 16.49 and a beta of 0.42. The business's 50 day moving average price is $235.04 and its 200-day moving average price is $229.23. Cheniere Energy, Inc. has a 1-year low of $167.66 and a 1-year high of $257.65. 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 announced its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The business had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. During the same period in the previous year, the company earned $2.13 earnings per share. Cheniere Energy's quarterly revenue was up 28.0% on a year-over-year basis. Research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Bank of America upped their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Wells Fargo & Company set a $267.00 price objective on Cheniere Energy and gave the company an "overweight" rating in a report on Wednesday, June 25th. TD Cowen upped their price objective on Cheniere Energy from $260.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Wall Street Zen lowered Cheniere Energy from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the company a "buy" rating in a report on Thursday, June 26th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $260.36.

Insider Activity at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction dated 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 sale, the director directly owned 29,733 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

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.