Cheniere Energy, Inc. (NYSE:LNG) Stake Raised by Eagle Wealth Strategies LLC

Eagle Wealth Strategies LLC grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 16.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,024 shares of the energy company’s stock after buying an additional 279 shares during the period. Eagle Wealth Strategies LLC’s holdings in Cheniere Energy were worth $468,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cheniere Energy by 31.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock valued at $7,812,000 after buying an additional 8,756 shares during the last quarter. Leavell Investment Management Inc. raised its holdings in shares of Cheniere Energy by 10.2% during the fourth quarter. Leavell Investment Management Inc. now owns 19,514 shares of the energy company’s stock valued at $4,193,000 after buying an additional 1,800 shares during the last quarter. Raab & Moskowitz Asset Management LLC raised its holdings in shares of Cheniere Energy by 46.3% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 9,345 shares of the energy company’s stock valued at $2,008,000 after buying an additional 2,957 shares during the last quarter. Martin Investment Management LLC raised its holdings in shares of Cheniere Energy by 615.4% during the fourth quarter. Martin Investment Management LLC now owns 28,223 shares of the energy company’s stock valued at $6,064,000 after buying an additional 24,278 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Cheniere Energy by 3.8% during the fourth quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company’s stock valued at $8,032,000 after buying an additional 1,359 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Insider Buying and Selling

In related 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 value of $1,057,499.00. Following the completion of the transaction, the director now owns 29,733 shares of the company’s stock, valued at approximately $7,312,236.69. This trade represents a 12.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.26% of the company’s stock.

Cheniere Energy Trading Down 0.4%

Cheniere Energy stock opened at $243.02 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The firm has a market cap of $53.90 billion, a price-to-earnings ratio of 17.08 and a beta of 0.43. Cheniere Energy, Inc. has a 1 year low of $154.82 and a 1 year high of $257.65. The firm’s 50 day moving average price is $229.40 and its two-hundred day moving average price is $224.86.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $4.73 billion. During the same quarter last year, the firm posted $2.13 EPS. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. On average, research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Friday, May 9th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, May 9th. Cheniere Energy’s dividend payout ratio is 14.63%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LNG. Wall Street Zen lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. Mizuho raised their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating 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, Scotiabank lowered their price objective on shares of Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 29th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $252.23.

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.