Western Wealth Management LLC Trims Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Western Wealth Management LLC cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 40.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,398 shares of the energy company's stock after selling 2,296 shares during the quarter. Western Wealth Management LLC's holdings in Cheniere Energy were worth $786,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of Cheniere Energy in the 4th quarter valued at about $629,197,000. Two Sigma Advisers LP boosted its stake in shares of Cheniere Energy by 84.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company's stock valued at $354,858,000 after buying an additional 756,900 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Cheniere Energy in the 4th quarter valued at about $130,772,000. Proficio Capital Partners LLC boosted its stake in shares of Cheniere Energy by 18,281.6% in the 4th quarter. Proficio Capital Partners LLC now owns 575,897 shares of the energy company's stock valued at $123,743,000 after buying an additional 572,764 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Cheniere Energy by 16.1% in the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock valued at $695,599,000 after buying an additional 450,031 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

LNG traded down $2.22 during trading on Friday, hitting $239.87. 2,473,014 shares of the stock were exchanged, compared to its average volume of 1,849,122. The firm has a market capitalization of $53.20 billion, a P/E ratio of 17.55, a PEG ratio of 5.18 and a beta of 0.43. Cheniere Energy, Inc. has a 1-year low of $167.66 and a 1-year high of $257.65. The stock has a fifty day moving average price of $234.64 and a two-hundred day moving average price of $226.37. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly 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 firm 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 company's quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the firm earned $2.13 EPS. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.83%. Cheniere Energy's dividend payout ratio (DPR) is currently 14.63%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stifel Nicolaus decreased their price objective on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. raised their target price on Cheniere Energy from $252.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Argus initiated coverage on Cheniere Energy in a research report on Tuesday, March 18th. They set a "buy" rating and a $255.00 target price on the stock. Scotiabank cut their target price 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. Finally, Wells Fargo & Company set a $267.00 target price on Cheniere Energy and gave the stock an "overweight" rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $258.36.

Insider Buying and Selling at Cheniere Energy

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

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.