Brown Advisory Inc. Sells 5,157 Shares of Cheniere Energy, Inc. $LNG

Brown Advisory Inc. cut its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,681 shares of the energy company’s stock after selling 5,157 shares during the period. Brown Advisory Inc.’s holdings in Cheniere Energy were worth $16,969,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. American Century Companies Inc. lifted its position in shares of Cheniere Energy by 27.6% in the 1st quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock worth $301,804,000 after purchasing an additional 282,050 shares during the period. Thompson Davis & CO. Inc. purchased a new position in Cheniere Energy during the first quarter valued at approximately $529,000. Assetmark Inc. raised its stake in Cheniere Energy by 718.1% in the second quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock worth $406,000 after buying an additional 1,465 shares in the last quarter. Trivium Point Advisory LLC lifted its holdings in Cheniere Energy by 38.6% during the first quarter. Trivium Point Advisory LLC now owns 28,029 shares of the energy company’s stock worth $6,486,000 after buying an additional 7,808 shares during the period. Finally, QRG Capital Management Inc. boosted its position in Cheniere Energy by 3.3% during the 2nd quarter. QRG Capital Management Inc. now owns 39,440 shares of the energy company’s stock valued at $9,604,000 after acquiring an additional 1,273 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cheniere Energy

In other news, Director W Benjamin Moreland bought 5,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 9,856 shares in the company, valued at approximately $2,052,216.32. The trade was a 102.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.26% of the stock is owned by company insiders.

Cheniere Energy Stock Performance

LNG opened at $205.56 on Monday. The company has a market cap of $44.25 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 5.39 and a beta of 0.26. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 2.12. The firm’s 50-day moving average price is $217.10 and its 200-day moving average price is $229.02. Cheniere Energy, Inc. has a 52-week low of $188.70 and a 52-week high of $257.65.

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

Cheniere Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. 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. Cheniere Energy’s dividend payout ratio is presently 12.37%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LNG shares. Scotiabank cut their price target on Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 13th. Jefferies Financial Group set a $290.00 target price on Cheniere Energy in a research note on Thursday, October 30th. Erste Group Bank downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings restated a “buy (b)” rating on shares of Cheniere Energy in a report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $268.47.

Cheniere Energy 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.