Moody National Bank Trust Division reduced its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) by 11.8% during the 1st quarter, HoldingsChannel reports. The firm owned 15,436 shares of the energy company’s stock after selling 2,064 shares during the quarter. Moody National Bank Trust Division’s holdings in Cheniere Energy were worth $2,140,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Veriti Management LLC bought a new position in shares of Cheniere Energy in the first quarter valued at approximately $218,000. Maryland State Retirement & Pension System grew its holdings in shares of Cheniere Energy by 2.7% in the 1st quarter. Maryland State Retirement & Pension System now owns 18,116 shares of the energy company’s stock valued at $2,512,000 after buying an additional 477 shares during the period. Arden Trust Co grew its holdings in shares of Cheniere Energy by 9.0% in the 1st quarter. Arden Trust Co now owns 3,190 shares of the energy company’s stock valued at $442,000 after buying an additional 263 shares during the period. Nordea Investment Management AB grew its holdings in shares of Cheniere Energy by 40.2% in the 1st quarter. Nordea Investment Management AB now owns 17,095 shares of the energy company’s stock valued at $2,404,000 after buying an additional 4,900 shares during the period. Finally, Marotta Asset Management bought a new stake in Cheniere Energy in the 1st quarter valued at $277,000. 88.17% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Cheniere Energy from $162.00 to $185.00 in a research report on Monday, May 9th. Royal Bank of Canada upped their price target on shares of Cheniere Energy from $151.00 to $178.00 in a research note on Monday, May 23rd. Mizuho increased their target price on shares of Cheniere Energy from $145.00 to $159.00 in a research report on Friday, May 6th. JPMorgan Chase & Co. increased their target price on shares of Cheniere Energy from $183.00 to $192.00 in a research report on Thursday, May 12th. Finally, Raymond James raised their target price on Cheniere Energy from $165.00 to $171.00 in a report on Wednesday, May 4th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $152.00.
Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last announced its 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). The business had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $5.56 billion. Cheniere Energy had a negative net margin of 14.77% and a positive return on equity of 30.72%. Cheniere Energy’s revenue for the quarter was up 142.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 EPS. Equities analysts expect that Cheniere Energy, Inc. will post 10.91 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 17th. Stockholders of record on Tuesday, May 10th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Monday, May 9th. Cheniere Energy’s dividend payout ratio is presently -14.27%.
In related news, Director Neal A. Shear sold 10,318 shares of Cheniere Energy stock in a transaction on Thursday, March 31st. The shares were sold at an average price of $140.16, for a total transaction of $1,446,170.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.66% of the company’s stock.
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.
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