Catalyst Funds Management Pty Ltd Sells 1,190 Shares of Cheniere Energy, Inc. $LNG

Catalyst Funds Management Pty Ltd cut its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,410 shares of the energy company’s stock after selling 1,190 shares during the quarter. Cheniere Energy comprises about 1.4% of Catalyst Funds Management Pty Ltd’s investment portfolio, making the stock its 7th biggest holding. Catalyst Funds Management Pty Ltd’s holdings in Cheniere Energy were worth $5,214,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Pinnacle Bancorp Inc. raised its holdings in shares of Cheniere Energy by 134.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Westside Investment Management Inc. grew 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 worth $26,000 after buying an additional 90 shares during the last quarter. Hilltop National Bank acquired a new position in Cheniere Energy in the second quarter worth approximately $28,000. Richardson Financial Services Inc. bought a new position in shares of Cheniere Energy in the second quarter valued at $30,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in shares of Cheniere Energy during the 2nd quarter valued at $34,000. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LNG. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Scotiabank decreased their price target on Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating for the company in a research report on Thursday, November 13th. BMO Capital Markets assumed coverage on Cheniere Energy in a report on Friday, September 19th. They set an “outperform” rating and a $268.00 price objective on the stock. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $268.47.

Cheniere Energy Price Performance

NYSE LNG opened at $209.98 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $45.20 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36. Cheniere Energy, Inc. has a 12-month low of $188.70 and a 12-month high of $257.65. The company has a 50 day moving average price of $223.77 and a two-hundred day moving average price of $231.31.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. Cheniere Energy’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.93 EPS. As a group, equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.1%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, November 7th. Cheniere Energy’s dividend payout ratio is 12.37%.

Insider Activity

In related news, Director W Benjamin Moreland acquired 5,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average price of $208.22 per share, with a total value of $1,041,100.00. Following the acquisition, the director owned 9,856 shares in the company, valued at approximately $2,052,216.32. The trade was a 102.97% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.26% of the company’s stock.

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.