Wealth Advisory Solutions LLC Has $3.69 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Wealth Advisory Solutions LLC lowered its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 19.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. REAP Financial Group LLC lifted its position in Cheniere Energy by 150.0% during the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after purchasing an additional 75 shares during the period. Banque Transatlantique SA acquired a new position in Cheniere Energy during the 4th quarter valued at about $32,000. Cooksen Wealth LLC acquired a new position in Cheniere Energy during the 1st quarter valued at about $38,000. Nemes Rush Group LLC lifted its position in Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after purchasing an additional 182 shares during the period. Finally, Ameriflex Group Inc. acquired a new position in Cheniere Energy during the 4th quarter valued at about $42,000. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Up 0.4%

LNG stock traded up $0.85 during mid-day trading on Friday, hitting $235.08. 1,706,075 shares of the company were exchanged, compared to its average volume of 1,847,248. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19. The firm has a market cap of $52.14 billion, a P/E ratio of 17.20 and a beta of 0.42. The firm's 50 day simple moving average is $235.79 and its 200 day simple moving average is $228.30. Cheniere Energy, Inc. has a 1-year low of $167.66 and a 1-year high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.81 by ($1.24). The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The business's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the business posted $2.13 earnings per share. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.85%. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

Insider Activity

In other news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value of $1,057,499.00. Following the sale, the director directly owned 29,733 shares in the company, valued at $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 is available at the SEC website. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wolfe Research downgraded shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Stifel Nicolaus cut their price target on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Raymond James Financial reiterated a "strong-buy" rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. Scotiabank cut their price target on shares of 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. Finally, Argus started coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Cheniere Energy currently has a consensus rating of "Moderate Buy" and an average target price 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.