Focus Partners Wealth Sells 395,893 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Focus Partners Wealth reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 85.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,784 shares of the energy company's stock after selling 395,893 shares during the quarter. Focus Partners Wealth's holdings in Cheniere Energy were worth $13,922,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LNG. MassMutual Private Wealth & Trust FSB grew its position in shares of Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock worth $26,000 after buying an additional 75 shares during the last quarter. WR Wealth Planners LLC lifted its stake in shares of Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after purchasing an additional 97 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cheniere Energy in the 4th quarter valued at approximately $29,000. Banque Transatlantique SA purchased a new position in shares of Cheniere Energy in the 4th quarter valued at approximately $32,000. Finally, Nemes Rush Group LLC lifted its stake in shares of Cheniere Energy by 2,022.2% in 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. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Down 0.4%

Shares of Cheniere Energy stock traded down $0.89 on Friday, reaching $234.83. The company's stock had a trading volume of 1,460,407 shares, compared to its average volume of 1,862,699. The company has a market capitalization of $52.08 billion, a price-to-earnings ratio of 16.50 and a beta of 0.41. The firm's fifty day simple moving average is $226.57 and its two-hundred day simple moving average is $221.48. Cheniere Energy, Inc. has a 52 week low of $153.03 and a 52 week high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted 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). Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the previous year, the business posted $2.13 EPS. The firm's revenue for the quarter was up 28.0% on a year-over-year basis. Equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Friday, May 9th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. Cheniere Energy's payout ratio is 14.63%.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. This represents a 20.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. TD Cowen raised their target price on Cheniere Energy from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. raised their target price on Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Morgan Stanley raised their target price on Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Finally, UBS Group reiterated a "buy" rating and set a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $252.23.

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.