Vestmark Advisory Solutions Inc. Has $1.13 Million Stake in Cheniere Energy, Inc. $LNG

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in Cheniere Energy by 98.2%, owning 4,872 shares valued at approximately $1.13 million as of the latest SEC filing.
• Cheniere Energy reported earnings of $7.30 EPS for the last quarter, significantly exceeding analysts' expectations of $2.35 and marking a 42.8% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.50 per share, providing an annualized payout of $2.00 with a 0.9% yield.

Vestmark Advisory Solutions Inc. boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 98.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,872 shares of the energy company's stock after acquiring an additional 2,414 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Cheniere Energy were worth $1,127,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in shares of Cheniere Energy during the fourth quarter valued at about $335,000. Mariner LLC increased its stake in Cheniere Energy by 12.8% during the 4th quarter. Mariner LLC now owns 40,879 shares of the energy company's stock valued at $8,783,000 after buying an additional 4,635 shares during the period. CreativeOne Wealth LLC raised its position in shares of Cheniere Energy by 7.9% during the 4th quarter. CreativeOne Wealth LLC now owns 2,427 shares of the energy company's stock worth $521,000 after buying an additional 177 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Cheniere Energy by 12.0% during the 4th quarter. Gabelli Funds LLC now owns 7,057 shares of the energy company's stock worth $1,516,000 after buying an additional 757 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $212,000. Institutional investors own 87.26% of the company's stock.

Insider Transactions at Cheniere Energy

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

Cheniere Energy Trading Up 1.7%

Shares of NYSE:LNG traded up $4.1110 during midday trading on Thursday, reaching $240.1210. The company had a trading volume of 1,507,916 shares, compared to its average volume of 2,105,458. The company has a fifty day simple moving average of $234.66 and a two-hundred day simple moving average of $228.98. The firm has a market cap of $52.77 billion, a price-to-earnings ratio of 14.03 and a beta of 0.43. Cheniere Energy, Inc. has a 1-year low of $175.14 and a 1-year high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98.

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

Cheniere Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on LNG shares. Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. TD Cowen boosted their price objective on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Finally, Wall Street Zen cut shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Cheniere Energy has a consensus rating of "Buy" and a consensus price target of $261.93.

About Cheniere Energy

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.