Los Angeles Capital Management LLC Sells 32,106 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Los Angeles Capital Management LLC lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 45.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,126 shares of the energy company’s stock after selling 32,106 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Cheniere Energy were worth $6,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mutual Advisors LLC boosted its stake in shares of Cheniere Energy by 1.0% in the 3rd quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock valued at $1,033,000 after purchasing an additional 64 shares in the last quarter. Xcel Wealth Management LLC boosted its stake in shares of Cheniere Energy by 3.4% in the 4th quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock valued at $335,000 after purchasing an additional 65 shares in the last quarter. Simon Quick Advisors LLC boosted its stake in shares of Cheniere Energy by 3.1% in the 4th quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock valued at $373,000 after purchasing an additional 66 shares in the last quarter. Syon Capital LLC boosted its stake in shares of Cheniere Energy by 4.7% in the 4th quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after purchasing an additional 73 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its stake in shares of Cheniere Energy by 13.1% in the 4th quarter. Montag A & Associates Inc. now owns 654 shares of the energy company’s stock valued at $112,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 1.8 %

Cheniere Energy stock opened at $164.08 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58. Cheniere Energy, Inc. has a 1 year low of $146.58 and a 1 year high of $183.46. The firm has a market cap of $37.56 billion, a P/E ratio of 7.99 and a beta of 0.95. The company’s 50-day simple moving average is $158.22.

Cheniere Energy (NYSE:LNG) last released its earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The business’s revenue for the quarter was down 41.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.89 earnings per share. Research analysts forecast that Cheniere Energy, Inc. will post 8.42 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.06%. Cheniere Energy’s dividend payout ratio (DPR) is presently 8.48%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Stifel Nicolaus upped their price target on shares of Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. upped their price target on shares of Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. TD Cowen upped their price target on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Redburn Atlantic assumed coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target on the stock. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $198.64.

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.