1,015 Shares in Cheniere Energy, Inc. (NYSE:LNG) Bought by Well Done LLC

Well Done LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,015 shares of the energy company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in Cheniere Energy during the 4th quarter worth approximately $335,000. Principal Securities Inc. increased its holdings in shares of Cheniere Energy by 16.7% during the fourth quarter. Principal Securities Inc. now owns 6,189 shares of the energy company’s stock valued at $1,330,000 after acquiring an additional 885 shares in the last quarter. Allworth Financial LP raised its position in shares of Cheniere Energy by 20.8% during the fourth quarter. Allworth Financial LP now owns 6,544 shares of the energy company’s stock worth $1,527,000 after purchasing an additional 1,125 shares during the period. J.W. Cole Advisors Inc. raised its position in shares of Cheniere Energy by 22.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,260 shares of the energy company’s stock worth $915,000 after purchasing an additional 794 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Cheniere Energy by 1.2% in the 4th quarter. Sanctuary Advisors LLC now owns 49,626 shares of the energy company’s stock worth $11,424,000 after purchasing an additional 592 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the transaction, the director now directly owns 29,733 shares of the company’s stock, valued at $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on LNG. Wolfe Research downgraded shares of Cheniere Energy from an “outperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. Stifel Nicolaus cut their price target on Cheniere Energy from $255.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. TD Cowen boosted their price objective on Cheniere Energy from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Raymond James Financial restated a “strong-buy” rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $252.23.

Cheniere Energy Stock Performance

Shares of LNG opened at $235.09 on Thursday. The stock has a 50 day moving average of $232.88 and a 200 day moving average of $225.49. The company has a market capitalization of $52.14 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 4.92 and a beta of 0.43. Cheniere Energy, Inc. has a 12 month low of $160.75 and a 12 month high of $257.65. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 2.24.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($1.24). The business had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.13 earnings per share. As a group, sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.63%.

About Cheniere Energy

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.