Cheniere Energy, Inc. $LNG Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in Cheniere Energy, Inc. (NYSE:LNG) by 5.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 526,285 shares of the energy company’s stock after selling 28,225 shares during the quarter. Russell Investments Group Ltd. owned about 0.24% of Cheniere Energy worth $128,123,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of LNG. Pinnacle Bancorp Inc. raised its holdings in Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after buying an additional 59 shares during the period. Westside Investment Management Inc. lifted its stake in shares of Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after acquiring an additional 90 shares in the last quarter. Hilltop National Bank purchased a new position in shares of Cheniere Energy during the 2nd quarter valued at approximately $28,000. Richardson Financial Services Inc. acquired a new position in Cheniere Energy during the 2nd quarter worth $30,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in Cheniere Energy in the second quarter valued at about $34,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their target price on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a report on Tuesday, August 12th. Erste Group Bank downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Zacks Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. BMO Capital Markets assumed coverage on Cheniere Energy in a report on Friday, September 19th. They set an “outperform” rating and a $268.00 price objective on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cheniere Energy in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $268.47.

Insider Activity at Cheniere Energy

In other news, Director W Benjamin Moreland bought 5,000 shares of Cheniere Energy stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the completion of the transaction, the director directly owned 9,856 shares in the company, valued at $2,052,216.32. This trade represents a 102.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE LNG opened at $205.86 on Thursday. The company has a market cap of $44.31 billion, a P/E ratio of 12.02, a P/E/G ratio of 6.08 and a beta of 0.36. The company has a fifty day simple moving average of $220.83 and a 200 day simple moving average of $230.25. Cheniere Energy, Inc. has a 1 year low of $188.70 and a 1 year high of $257.65. 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 (NYSE:LNG) last posted its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the previous year, the firm earned $3.93 EPS. The firm’s revenue was up 18.0% compared to the same quarter last year. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.1%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, November 7th. Cheniere Energy’s dividend payout ratio (DPR) is 12.37%.

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.