Edgestream Partners L.P. Sells 57,481 Shares of Cheniere Energy, Inc. $LNG

Edgestream Partners L.P. decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 94.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,243 shares of the energy company’s stock after selling 57,481 shares during the period. Edgestream Partners L.P.’s holdings in Cheniere Energy were worth $790,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. grew its holdings in Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after purchasing an additional 90 shares in the last quarter. Hilltop National Bank bought a new stake in Cheniere Energy in the second quarter worth $28,000. Richardson Financial Services Inc. purchased a new stake in Cheniere Energy during the second quarter valued at $30,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in Cheniere Energy during the second quarter valued at $34,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cheniere Energy

In related news, Director W Benjamin Moreland bought 5,000 shares of the stock in a transaction dated Tuesday, November 4th. The stock was purchased at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $275.00 price target on shares of Cheniere Energy in a research report on Monday, November 3rd. Mizuho upped their price objective on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Wells Fargo & Company lifted their target price on Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $278.00 target price (up previously from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus price target of $268.47.

Cheniere Energy Stock Down 1.1%

Shares of NYSE LNG opened at $205.56 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.94 and a quick ratio of 0.81. The company has a market cap of $44.25 billion, a P/E ratio of 11.45, a PEG ratio of 5.39 and a beta of 0.26. Cheniere Energy, Inc. has a 1 year low of $188.70 and a 1 year high of $257.65. The firm has a 50-day simple moving average of $217.10 and a two-hundred day simple moving average of $229.02.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the prior year, the firm posted $3.93 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

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