Beddow Capital Management Inc. Has $7.55 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Beddow Capital Management Inc. reduced its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 9.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,015 shares of the energy company’s stock after selling 3,050 shares during the quarter. Cheniere Energy accounts for about 3.0% of Beddow Capital Management Inc.’s holdings, making the stock its 15th biggest position. Beddow Capital Management Inc.’s holdings in Cheniere Energy were worth $7,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Altman Advisors Inc. boosted its stake in Cheniere Energy by 0.4% during the 2nd quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company’s stock valued at $2,409,000 after purchasing an additional 44 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of Cheniere Energy by 5.0% in the first quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company’s stock valued at $233,000 after purchasing an additional 48 shares in the last quarter. Bailard Inc. boosted its position in shares of Cheniere Energy by 0.7% during the second quarter. Bailard Inc. now owns 6,663 shares of the energy company’s stock valued at $1,623,000 after buying an additional 49 shares during the last quarter. Titleist Asset Management LLC grew its holdings in Cheniere Energy by 1.5% during the second quarter. Titleist Asset Management LLC now owns 3,309 shares of the energy company’s stock worth $806,000 after buying an additional 50 shares in the last quarter. Finally, GM Advisory Group LLC raised its position in Cheniere Energy by 5.0% in the 2nd quarter. GM Advisory Group LLC now owns 1,050 shares of the energy company’s stock valued at $256,000 after buying an additional 50 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LNG. Mizuho lifted their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Erste Group Bank lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group reissued a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a research report on Monday, November 3rd. Finally, Scotiabank reduced their target price on 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’s stock. According to MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and an average target price of $268.47.

Cheniere Energy Stock Down 1.1%

LNG opened at $189.52 on Friday. Cheniere Energy, Inc. has a twelve month low of $188.70 and a twelve month high of $257.65. The company’s 50-day moving average price is $213.23 and its two-hundred day moving average price is $227.83. The stock has a market cap of $40.79 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 5.02 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.

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

Cheniere Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, November 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. Cheniere Energy’s dividend payout ratio is currently 12.37%.

Insiders Place Their Bets

In other news, Director W Benjamin Moreland acquired 5,000 shares of the firm’s 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 acquisition, the director owned 9,856 shares in the company, valued at $2,052,216.32. The trade was a 102.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.26% of the company’s stock.

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.