Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by Cooper Financial Group

Cooper Financial Group grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.6% in the first quarter, Holdings Channel.com reports. The fund owned 4,544 shares of the energy company’s stock after purchasing an additional 115 shares during the period. Cooper Financial Group’s holdings in Cheniere Energy were worth $1,052,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. REAP Financial Group LLC lifted its position in shares of Cheniere Energy by 150.0% during the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Cheniere Energy during the 4th quarter valued at approximately $32,000. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy during the 1st quarter valued at approximately $38,000. Ameriflex Group Inc. acquired a new stake in shares of Cheniere Energy during the 4th quarter valued at approximately $42,000. Finally, Tsfg LLC lifted its position in shares of Cheniere Energy by 676.0% during the 1st quarter. Tsfg LLC now owns 194 shares of the energy company’s stock valued at $45,000 after acquiring an additional 169 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Neal A. Shear sold 4,300 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the sale, the director directly owned 29,733 shares of the company’s stock, valued at $7,312,236.69. The trade was a 12.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company set a $267.00 price target on shares of Cheniere Energy and gave the company an “overweight” rating in a research report on Wednesday, June 25th. Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a research note on Thursday, June 26th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a research note on Friday. Wall Street Zen cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. Finally, TD Cowen raised their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $260.71.

Cheniere Energy Stock Down 1.9%

LNG stock opened at $230.84 on Monday. Cheniere Energy, Inc. has a one year low of $175.14 and a one year high of $257.65. The company has a 50 day moving average price of $235.83 and a two-hundred day moving average price of $228.78. The stock has a market capitalization of $51.20 billion, a P/E ratio of 13.48 and a beta of 0.43. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.48 billion. During the same period in the previous year, the company earned $3.84 EPS. The business’s quarterly revenue was up 42.8% compared to the same quarter last year. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. Cheniere Energy’s payout ratio is currently 11.68%.

Cheniere Energy Company 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.