Quadrant Capital Group LLC Sells 430 Shares of Cheniere Energy, Inc. $LNG

Quadrant Capital Group LLC lowered its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,988 shares of the energy company’s stock after selling 430 shares during the quarter. Quadrant Capital Group LLC’s holdings in Cheniere Energy were worth $2,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Cheniere Energy by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company’s stock valued at $4,844,995,000 after buying an additional 54,801 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Cheniere Energy by 0.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,687,388 shares of the energy company’s stock valued at $1,141,473,000 after buying an additional 26,843 shares during the period. Geode Capital Management LLC grew its stake in shares of Cheniere Energy by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 3,874,796 shares of the energy company’s stock worth $940,578,000 after purchasing an additional 70,475 shares during the period. Invesco Ltd. increased its holdings in Cheniere Energy by 7.9% in the first quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company’s stock valued at $808,151,000 after buying an additional 255,140 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Cheniere Energy by 12.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company’s stock valued at $737,149,000 after purchasing an additional 359,435 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insider Buying and Selling at Cheniere Energy

In related news, Director W Benjamin Moreland purchased 5,000 shares of Cheniere Energy stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average cost of $208.22 per share, with a total value of $1,041,100.00. Following the purchase, the director owned 9,856 shares of the company’s stock, valued at approximately $2,052,216.32. The trade was a 102.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Price Performance

LNG stock opened at $205.86 on Friday. Cheniere Energy, Inc. has a 52-week low of $188.70 and a 52-week high of $257.65. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The stock has a market cap of $44.31 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36. The business has a fifty day moving average of $220.26 and a two-hundred day moving average of $230.08.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company’s revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.93 EPS. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend 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 payout ratio is 12.37%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Mizuho increased their target price on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings restated a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Scotiabank cut their target price on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating for the company in a research note on Thursday, November 13th. Finally, TD Cowen upped their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $268.47.

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.