Moors & Cabot Inc. Has $433,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Moors & Cabot Inc. reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 33.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,870 shares of the energy company’s stock after selling 919 shares during the quarter. Moors & Cabot Inc.’s holdings in Cheniere Energy were worth $433,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Kayne Anderson Capital Advisors LP raised its position in shares of Cheniere Energy by 7.6% during the first quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company’s stock worth $345,920,000 after acquiring an additional 105,875 shares during the last quarter. Fractal Investments LLC raised its holdings in Cheniere Energy by 27.7% during the first quarter. Fractal Investments LLC now owns 75,585 shares of the energy company’s stock worth $17,490,000 after buying an additional 16,385 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Cheniere Energy by 7.5% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company’s stock worth $5,439,000 after purchasing an additional 1,630 shares in the last quarter. Bessemer Group Inc. boosted its position 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. Finally, Avantax Advisory Services Inc. raised its position in Cheniere Energy by 13.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 11,765 shares of the energy company’s stock valued at $2,722,000 after buying an additional 1,359 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LNG. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Raymond James Financial restated a “strong-buy” rating on shares of Cheniere Energy in a research note on Wednesday, April 23rd. Barclays reaffirmed an “overweight” rating and issued a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. JPMorgan Chase & Co. upped their price objective on Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. Finally, Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a report on Thursday, June 26th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $260.36.

Insider Transactions at Cheniere Energy

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 stock was 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 approximately $7,312,236.69. This trade represents a 12.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Stock Up 1.6%

LNG stock opened at $242.01 on Tuesday. The stock has a 50-day simple moving average of $235.68 and a two-hundred day simple moving average of $228.98. Cheniere Energy, Inc. has a twelve month low of $167.66 and a twelve month high of $257.65. The firm has a market capitalization of $53.67 billion, a PE ratio of 17.70 and a beta of 0.43. 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) last posted its quarterly 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). The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 earnings per share. On average, equities analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, August 8th. Cheniere Energy’s payout ratio is currently 14.63%.

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.