Cozad Asset Management Inc. Sells 1,010 Shares of Cheniere Energy, Inc. $LNG

Cozad Asset Management Inc. trimmed its position in Cheniere Energy, Inc. (NYSE:LNG) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,296 shares of the energy company’s stock after selling 1,010 shares during the quarter. Cozad Asset Management Inc.’s holdings in Cheniere Energy were worth $7,865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Kingstone Capital Partners Texas LLC purchased a new position in shares of Cheniere Energy in the second quarter valued at about $384,806,000. Nuveen LLC bought a new stake in shares of Cheniere Energy in the first quarter worth about $294,793,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Cheniere Energy by 704.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 952,092 shares of the energy company’s stock worth $231,853,000 after purchasing an additional 833,723 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Cheniere Energy by 33.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company’s stock valued at $470,151,000 after purchasing an additional 504,960 shares during the period. Finally, Royal Bank of Canada raised its position in Cheniere Energy by 25.7% during the 1st quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock valued at $554,265,000 after purchasing an additional 488,994 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Mizuho lifted their price objective on Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. BMO Capital Markets initiated coverage on shares of Cheniere Energy in a report on Friday, September 19th. They issued an “outperform” rating and a $268.00 price target on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $275.00 price objective on shares of Cheniere Energy in a research report on Monday, November 3rd. Wells Fargo & Company upped their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Finally, Scotiabank cut their target price on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 13th. One equities research analyst has 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $268.47.

Insider Activity at Cheniere Energy

In related news, Director W Benjamin Moreland purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the purchase, the director directly owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. This represents a 102.97% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $205.40 on Friday. The company’s fifty day moving average price is $222.59 and its 200-day moving average price is $230.94. The stock has a market cap of $44.21 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 12 month low of $188.70 and a 12 month high of $257.65.

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, beating analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same period last year, the company posted $3.93 EPS. Cheniere Energy’s revenue was up 18.0% on a year-over-year basis. On average, equities analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently announced 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. The ex-dividend date was Friday, November 7th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 annualized dividend and a dividend yield of 1.1%. Cheniere Energy’s dividend payout ratio (DPR) is 12.37%.

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.