Greenwood Capital Associates LLC Buys New Position in Cheniere Energy, Inc. (NYSE:LNG)

Greenwood Capital Associates LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,192 shares of the energy company’s stock, valued at approximately $2,127,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LNG. WR Wealth Planners LLC boosted its stake in Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after buying an additional 97 shares during the last quarter. REAP Financial Group LLC boosted its stake in Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock worth $27,000 after buying an additional 75 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Cheniere Energy in the 4th quarter worth about $29,000. Banque Transatlantique SA acquired a new stake in Cheniere Energy in the 4th quarter worth about $32,000. Finally, Nemes Rush Group LLC boosted its stake in Cheniere Energy by 2,022.2% in the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock worth $41,000 after buying an additional 182 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value 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 approximately $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.26% of the company’s stock.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $234.82 on Thursday. The stock has a market cap of $52.08 billion, a P/E ratio of 16.50 and a beta of 0.43. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock has a 50 day moving average of $230.24 and a 200-day moving average of $225.01. Cheniere Energy, Inc. has a 52 week low of $154.82 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, May 8th. The energy company reported $1.57 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 20.71% and a return on equity of 37.19%. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.13 earnings per share. On average, analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.63%.

Analyst Ratings Changes

A number of research firms have weighed in on LNG. Bank of America increased their price target on shares of Cheniere Energy from $254.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Scotiabank dropped their price target on Cheniere Energy from $243.00 to $242.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. upped their price target on Cheniere Energy from $252.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, April 28th. TD Cowen upped their price target on Cheniere Energy from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, UBS Group reiterated a “buy” rating and set a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $252.23.

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.