Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 30.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,584 shares of the energy company’s stock after buying an additional 609 shares during the period. HB Wealth Management LLC’s holdings in Cheniere Energy were worth $598,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LNG. Kayne Anderson Capital Advisors LP raised its holdings 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 valued at $345,920,000 after acquiring an additional 105,875 shares during the period. Fractal Investments LLC raised its holdings in shares of Cheniere Energy by 27.7% during the first quarter. Fractal Investments LLC now owns 75,585 shares of the energy company’s stock valued at $17,490,000 after acquiring an additional 16,385 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Cheniere Energy by 7.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company’s stock valued at $5,439,000 after acquiring an additional 1,630 shares during the period. 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 acquiring an additional 1,359 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of Cheniere Energy by 3.9% during the first quarter. Allianz Asset Management GmbH now owns 1,262,055 shares of the energy company’s stock valued at $292,040,000 after acquiring an additional 47,104 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on LNG. Wall Street Zen downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. Barclays reiterated an “overweight” rating and set a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Raymond James Financial reissued a “strong-buy” rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. TD Cowen raised their price objective on Cheniere Energy from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Finally, Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Wednesday, June 25th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.36.

Insider Buying and Selling at Cheniere Energy

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 stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the transaction, the director directly owned 29,733 shares in the company, valued at $7,312,236.69. This trade represents a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Cheniere Energy Stock Up 1.2%

Shares of NYSE:LNG opened at $235.98 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. The company has a market capitalization of $52.34 billion, a PE ratio of 17.26 and a beta of 0.42. Cheniere Energy, Inc. has a 1 year low of $167.66 and a 1 year high of $257.65. The business has a fifty day moving average price of $235.23 and a two-hundred day moving average price of $229.37.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). The company had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same period last year, the company posted $2.13 EPS. Analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently disclosed 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 dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy’s dividend payout ratio (DPR) is currently 14.63%.

Cheniere Energy Company 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.