Raiffeisen Bank International AG Sells 15,498 Shares of Cheniere Energy, Inc. $LNG

Raiffeisen Bank International AG cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 70.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,365 shares of the energy company’s stock after selling 15,498 shares during the quarter. Raiffeisen Bank International AG’s holdings in Cheniere Energy were worth $1,507,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LNG. Pinnacle Bancorp Inc. boosted its holdings in Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after acquiring an additional 59 shares during the period. Westside Investment Management Inc. lifted its position in Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after purchasing an additional 90 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of Cheniere Energy during the second quarter valued at approximately $28,000. Richardson Financial Services Inc. purchased a new stake in shares of Cheniere Energy during the second quarter valued at approximately $30,000. Finally, WPG Advisers LLC bought a new position in shares of Cheniere Energy in the first quarter worth approximately $38,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insiders Place Their Bets

In other news, Director W Benjamin Moreland acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was acquired at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the acquisition, the director owned 9,856 shares in the company, valued at $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LNG shares. BMO Capital Markets assumed coverage on shares of Cheniere Energy in a report on Friday, September 19th. They set an “outperform” rating and a $268.00 price target for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. Erste Group Bank lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Wells Fargo & Company boosted their price target on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a report on Tuesday, August 12th. Finally, Jefferies Financial Group set a $290.00 price target on Cheniere Energy in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $268.47.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $213.28 on Wednesday. Cheniere Energy, Inc. has a 1 year low of $188.70 and a 1 year high of $257.65. The stock has a market capitalization of $45.91 billion, a P/E ratio of 12.45, a P/E/G ratio of 6.08 and a beta of 0.36. The company’s 50-day moving average is $224.31 and its 200 day moving average is $231.46. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping the consensus estimate of $2.75 by $2.00. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.87 billion. During the same period last year, the business posted $3.93 earnings per share. Cheniere Energy’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were given a dividend of $0.555 per share. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, November 7th. Cheniere Energy’s dividend payout ratio is presently 12.37%.

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.