Connective Portfolio Management LLC Sells 6,000 Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Connective Portfolio Management LLC trimmed its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNGGet Rating) by 60.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,000 shares of the energy company’s stock after selling 6,000 shares during the period. Connective Portfolio Management LLC’s holdings in Cheniere Energy were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LNG. Darlington Partners Capital Management LP bought a new position in Cheniere Energy during the fourth quarter valued at $182,120,000. Point72 Asset Management L.P. boosted its holdings in shares of Cheniere Energy by 368.3% in the fourth quarter. Point72 Asset Management L.P. now owns 1,114,702 shares of the energy company’s stock worth $113,053,000 after acquiring an additional 876,684 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Cheniere Energy by 770.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 623,783 shares of the energy company’s stock worth $63,263,000 after acquiring an additional 552,090 shares during the period. First Trust Advisors LP boosted its holdings in shares of Cheniere Energy by 133.5% in the fourth quarter. First Trust Advisors LP now owns 916,245 shares of the energy company’s stock worth $92,926,000 after acquiring an additional 523,873 shares during the period. Finally, TimesSquare Capital Management LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth $46,217,000. 88.17% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the company. Raymond James raised their price target on Cheniere Energy from $165.00 to $171.00 in a report on Wednesday, May 4th. Cowen raised their price target on Cheniere Energy from $145.00 to $170.00 in a report on Thursday, May 5th. Wells Fargo & Company raised their price target on Cheniere Energy from $162.00 to $185.00 in a report on Monday, May 9th. Barclays lifted their price objective on Cheniere Energy from $131.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, March 14th. Finally, Mizuho lifted their price objective on Cheniere Energy from $145.00 to $159.00 in a research note on Friday, May 6th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $152.00.

NYSEAMERICAN LNG opened at $129.50 on Wednesday. Cheniere Energy, Inc. has a twelve month low of $80.06 and a twelve month high of $150.00. The company has a current ratio of 1.08, a quick ratio of 0.93 and a debt-to-equity ratio of 24.30. The stock has a market cap of $32.91 billion, a price-to-earnings ratio of -14.35 and a beta of 1.26.

Cheniere Energy (NYSEAMERICAN:LNGGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The energy company reported ($3.41) earnings per share for the quarter, missing analysts’ consensus estimates of $3.45 by ($6.86). Cheniere Energy had a negative net margin of 14.77% and a positive return on equity of 30.72%. The firm had revenue of $7.48 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter in the previous year, the business earned $1.54 EPS. The company’s revenue for the quarter was up 142.2% on a year-over-year basis. On average, analysts predict that Cheniere Energy, Inc. will post 10.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17th. Stockholders of record on Tuesday, May 10th were issued a $0.33 dividend. The ex-dividend date was Monday, May 9th. This represents a $1.32 annualized dividend and a dividend yield of 1.02%. Cheniere Energy’s dividend payout ratio is currently -14.27%.

In other news, Director Neal A. Shear sold 10,318 shares of Cheniere Energy stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $140.16, for a total value of $1,446,170.88. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.66% of the stock is currently owned by insiders.

Cheniere Energy Profile (Get Rating)

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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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.

See Also

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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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