Wealth Advisory Solutions LLC Decreases Position in Cheniere Energy, Inc. (NYSE:LNG)

Wealth Advisory Solutions LLC lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 19.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 15,938 shares of the energy company's stock after selling 3,800 shares during the period. Wealth Advisory Solutions LLC's holdings in Cheniere Energy were worth $3,688,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LNG. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Cheniere Energy by 7.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company's stock worth $5,439,000 after acquiring an additional 1,630 shares in the last quarter. Martin Investment Management LLC increased its stake in shares of Cheniere Energy by 615.4% in the fourth quarter. Martin Investment Management LLC now owns 28,223 shares of the energy company's stock worth $6,064,000 after purchasing an additional 24,278 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Cheniere Energy by 3.8% during the 4th quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company's stock valued at $8,032,000 after purchasing an additional 1,359 shares during the period. LPL Financial LLC lifted its stake in shares of Cheniere Energy by 27.0% during the 4th quarter. LPL Financial LLC now owns 293,201 shares of the energy company's stock valued at $63,000,000 after buying an additional 62,338 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its holdings in Cheniere Energy by 6.7% in the 1st quarter. Gateway Investment Advisers LLC now owns 51,781 shares of the energy company's stock worth $11,982,000 after buying an additional 3,252 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

Insider Activity

In related news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the sale, the director owned 29,733 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LNG shares. Scotiabank lowered their price objective on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Wolfe Research downgraded Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. UBS Group restated a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a research report on Tuesday, March 18th. Mizuho boosted their price objective on Cheniere Energy from $248.00 to $254.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Finally, Cowen restated a "buy" rating on shares of Cheniere Energy in a research report on Wednesday, June 25th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $258.36.

Cheniere Energy Trading Down 0.5%

Shares of LNG traded down $1.29 during mid-day trading on Wednesday, reaching $235.49. 1,579,441 shares of the company's stock traded hands, compared to its average volume of 1,846,437. The stock has a market cap of $52.23 billion, a P/E ratio of 17.23 and a beta of 0.42. The stock's 50-day moving average is $235.66 and its two-hundred day moving average is $227.78. Cheniere Energy, Inc. has a 12 month low of $167.66 and a 12 month 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 released its earnings results on Thursday, May 8th. The energy company reported $1.57 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 the consensus estimate of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The company's quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 EPS. Research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. Cheniere Energy's payout ratio is 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.