Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Trivium Point Advisory LLC

Key Points

• Trivium Point Advisory LLC has increased its stake in Cheniere Energy, Inc. by 38.6%, acquiring an additional 7,808 shares, bringing their total holdings to 28,029 shares worth approximately $6.49 million.
• Cheniere Energy reported strong quarterly earnings, with a per-share profit of $7.30, significantly exceeding analyst expectations of $2.35, and a revenue of $4.64 billion.
• A quarterly dividend of $0.50 per share was recently announced, reflecting an annual yield of 0.9%, with the payment scheduled for August 18.

Trivium Point Advisory LLC grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 38.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,029 shares of the energy company's stock after buying an additional 7,808 shares during the period. Trivium Point Advisory LLC's holdings in Cheniere Energy were worth $6,486,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LNG. Altman Advisors Inc. increased its stake in Cheniere Energy by 0.4% in the 1st quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock worth $2,348,000 after acquiring an additional 43 shares during the last quarter. Greenleaf Trust increased its position in shares of Cheniere Energy by 1.1% during the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock valued at $975,000 after purchasing an additional 46 shares during the last quarter. Hemington Wealth Management increased its position in shares of Cheniere Energy by 14.0% during the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock valued at $90,000 after purchasing an additional 48 shares during the last quarter. BIP Wealth LLC increased its position in shares of Cheniere Energy by 1.4% during the 4th quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock valued at $762,000 after purchasing an additional 50 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Cheniere Energy by 4.0% during the 1st quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company's stock valued at $314,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Trading Down 1.0%

Shares of LNG traded down $2.32 on Friday, reaching $230.31. 1,268,772 shares of the company's stock were exchanged, compared to its average volume of 2,264,519. Cheniere Energy, Inc. has a 12 month low of $175.14 and a 12 month high of $257.65. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $50.61 billion, a P/E ratio of 13.44 and a beta of 0.43. The business has a 50 day moving average price of $234.61 and a two-hundred day moving average price of $228.88.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion for 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%. Cheniere Energy's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period last year, the firm earned $3.84 earnings per share. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

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

Insider Buying and Selling at Cheniere Energy

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LNG shares. Raymond James Financial reiterated a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Wall Street Zen lowered Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. Wolfe Research lowered Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus reduced their target price on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $261.93.

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.