Choreo LLC Grows Stock Position in Cheniere Energy, Inc. $LNG

Choreo LLC lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 6.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,465 shares of the energy company’s stock after purchasing an additional 323 shares during the period. Choreo LLC’s holdings in Cheniere Energy were worth $1,331,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LNG. Altman Advisors Inc. raised its position in Cheniere Energy by 0.4% in the second quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company’s stock worth $2,409,000 after acquiring an additional 44 shares during the period. Hemington Wealth Management increased its stake in shares of Cheniere Energy by 14.0% in the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company’s stock worth $90,000 after purchasing an additional 48 shares in the last quarter. Brooklyn Investment Group raised its holdings in Cheniere Energy by 5.0% in the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company’s stock worth $233,000 after purchasing an additional 48 shares during the period. Bailard Inc. raised its holdings in Cheniere Energy by 0.7% in the 2nd quarter. Bailard Inc. now owns 6,663 shares of the energy company’s stock worth $1,623,000 after purchasing an additional 49 shares during the period. Finally, Titleist Asset Management LLC lifted its position in Cheniere Energy by 1.5% during the second quarter. Titleist Asset Management LLC now owns 3,309 shares of the energy company’s stock valued at $806,000 after purchasing an additional 50 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cheniere Energy

In other news, Director W Benjamin Moreland bought 5,000 shares of Cheniere Energy stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the acquisition, the director owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This trade represents a 102.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on LNG shares. Erste Group Bank cut Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Zacks Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $275.00 price target on shares of Cheniere Energy in a report on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. Finally, Scotiabank decreased their price objective on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $268.47.

Cheniere Energy Trading Up 1.7%

Shares of LNG opened at $209.24 on Friday. The firm has a market cap of $45.03 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36. 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, Inc. has a 1 year low of $188.70 and a 1 year high of $257.65. The company has a 50 day simple moving average of $219.82 and a two-hundred day simple moving average of $229.91.

Cheniere Energy (NYSE:LNG) last released its earnings results 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 firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter in the previous year, the firm earned $3.93 earnings per share. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, equities analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently disclosed 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 is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, November 7th. This represents a $2.22 annualized dividend and a dividend yield of 1.1%. Cheniere Energy’s payout ratio is currently 12.37%.

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.