Denali Advisors LLC Sells 6,711 Shares of Cheniere Energy, Inc. $LNG

Denali Advisors LLC decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 78.8% during the second quarter, HoldingsChannel reports. The firm owned 1,807 shares of the energy company’s stock after selling 6,711 shares during the period. Denali Advisors LLC’s holdings in Cheniere Energy were worth $432,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brighton Jones LLC purchased a new position in Cheniere Energy during the fourth quarter valued at approximately $335,000. Bank of Nova Scotia lifted its holdings in Cheniere Energy by 13.3% during the second quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock worth $2,149,000 after buying an additional 1,035 shares during the period. Sei Investments Co. lifted its holdings in Cheniere Energy by 23.1% during the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock worth $44,600,000 after buying an additional 34,422 shares during the period. Treasurer of the State of North Carolina boosted its position in Cheniere Energy by 0.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after acquiring an additional 805 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in Cheniere Energy by 87.0% during the 2nd quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after acquiring an additional 16,977 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG opened at $279.54 on Friday. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The stock has a fifty day moving average price of $254.44 and a 200-day moving average price of $250.55. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. The firm has a market cap of $57.73 billion, a PE ratio of 20.81 and a beta of -0.01.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%.The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter last year, the firm earned $7.30 earnings per share. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. Equities research analysts predict that Cheniere Energy, Inc. will post 16.36 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy’s dividend payout ratio (DPR) is currently 16.53%.

Analyst Upgrades and Downgrades

LNG has been the subject of several recent research reports. Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Argus set a $330.00 target price on shares of Cheniere Energy in a report on Tuesday. Finally, TD Cowen increased their price target on shares of Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $301.56.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.