Chickasaw Capital Management LLC Sells 25,785 Shares of Cheniere Energy, Inc. $LNG

Chickasaw Capital Management LLC decreased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 729,993 shares of the energy company’s stock after selling 25,785 shares during the period. Cheniere Energy accounts for about 7.0% of Chickasaw Capital Management LLC’s holdings, making the stock its 7th biggest holding. Chickasaw Capital Management LLC owned 0.33% of Cheniere Energy worth $171,534,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. increased its position 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 purchasing an additional 59 shares during the period. Westside Investment Management Inc. increased its position in shares of Cheniere Energy by 473.7% during 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 period. Hilltop National Bank bought a new position in Cheniere Energy during the second quarter worth $28,000. Richardson Financial Services Inc. acquired a new position in Cheniere Energy in the second quarter valued at $30,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in Cheniere Energy during the second quarter valued at $34,000. 87.26% of the stock is currently owned by institutional investors.

Insider Activity at Cheniere Energy

In other news, Director W Benjamin Moreland acquired 5,000 shares of Cheniere Energy stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average price 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 in the company, valued at approximately $2,052,216.32. The trade was a 102.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.26% of the company’s stock.

Cheniere Energy Price Performance

LNG opened at $190.46 on Thursday. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $257.65. The firm has a 50-day moving average of $210.53 and a 200 day moving average of $226.87. The firm has a market cap of $41.00 billion, a P/E ratio of 10.61, a PEG ratio of 4.64 and a beta of 0.26. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.81 and a current ratio of 0.94.

Cheniere Energy (NYSE:LNG) last posted its quarterly 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 for 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 was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.93 EPS. On average, research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were issued a dividend of $0.555 per share. This is a positive change 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 dividend on an annualized basis and a yield of 1.2%. Cheniere Energy’s payout ratio is currently 12.37%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LNG. The Goldman Sachs Group restated a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a research report on Monday, November 3rd. Jefferies Financial Group set a $290.00 price target on Cheniere Energy in a report on Thursday, October 30th. Raymond James Financial reiterated a “strong-buy” rating and issued a $278.00 price objective (up previously from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. Bank of America cut their target price on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Finally, Scotiabank reduced their price target on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating for the company in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus target price of $267.53.

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.