Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC reduced its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 19.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,938 shares of the energy company's stock after selling 3,800 shares during the quarter. Wealth Advisory Solutions LLC's holdings in Cheniere Energy were worth $3,688,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in Cheniere Energy by 4.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company's stock worth $1,220,858,000 after buying an additional 243,418 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Cheniere Energy by 10.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company's stock worth $886,664,000 after buying an additional 379,142 shares during the period. Invesco Ltd. boosted its stake in Cheniere Energy by 16.1% during the fourth quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock worth $695,599,000 after buying an additional 450,031 shares during the period. Norges Bank purchased a new position in Cheniere Energy during the fourth quarter worth about $629,197,000. Finally, Dimensional Fund Advisors LP boosted its stake in Cheniere Energy by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,184,891 shares of the energy company's stock worth $469,448,000 after buying an additional 59,281 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Down 0.8%

NYSE:LNG traded down $1.91 during mid-day trading on Thursday, hitting $234.06. The stock had a trading volume of 1,324,477 shares, compared to its average volume of 1,844,238. The stock has a 50-day simple moving average of $235.81 and a two-hundred day simple moving average of $228.00. The company has a market capitalization of $51.91 billion, a PE ratio of 17.12 and a beta of 0.42. Cheniere Energy, Inc. has a twelve month low of $167.66 and a twelve month high of $257.65. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued 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). The firm had revenue of $5.44 billion during 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 firm's revenue was up 28.0% compared to the same quarter last year. During the same period last year, the business earned $2.13 EPS. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently announced 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 is Friday, August 8th. This represents a $2.00 annualized dividend and a yield of 0.85%. Cheniere Energy's dividend payout ratio (DPR) is 14.63%.

Insiders Place Their Bets

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the firm's stock in a transaction that occurred 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 owned 29,733 shares of the company's stock, valued at approximately $7,312,236.69. This trade represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. TD Cowen increased their target price on shares of Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Argus started coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price objective for the company. UBS Group reissued a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. Wolfe Research lowered shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Finally, Cowen reissued a "buy" rating on shares of Cheniere Energy in a research note on Wednesday, June 25th. 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $258.36.

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.