Cheniere Energy, Inc. (LNG) To Go Ex-Dividend on May 11th

Cheniere Energy, Inc. (NYSE:LNG) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Monday, May 11th will be given a dividend of 0.555 per share by the energy company on Tuesday, May 19th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, May 11th.

Cheniere Energy has a dividend payout ratio of 56.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cheniere Energy to earn $15.52 per share next year, which means the company should continue to be able to cover its $2.22 annual dividend with an expected future payout ratio of 14.3%.

Cheniere Energy Stock Up 2.9%

LNG opened at $272.66 on Thursday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.94 and a quick ratio of 0.81. The business has a 50 day simple moving average of $260.61 and a 200-day simple moving average of $225.60. The stock has a market capitalization of $57.30 billion, a P/E ratio of 11.22 and a beta of 0.14. Cheniere Energy has a 12 month low of $186.20 and a 12 month high of $300.89.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Wednesday, February 25th. The energy company reported $10.68 earnings per share for the quarter, beating the consensus estimate of $3.90 by $6.78. Cheniere Energy had a return on equity of 32.04% and a net margin of 26.68%.The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business posted $4.33 EPS. Cheniere Energy’s quarterly revenue was up 22.9% on a year-over-year basis. On average, equities analysts anticipate that Cheniere Energy will post 13.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Zach Davis sold 29,000 shares of Cheniere Energy stock in a transaction on Monday, March 30th. The stock was sold at an average price of $300.00, for a total value of $8,700,000.00. Following the completion of the sale, the chief financial officer owned 87,146 shares of the company’s stock, valued at $26,143,800. The trade was a 24.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sean N. Markowitz sold 22,246 shares of Cheniere Energy stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $290.98, for a total value of $6,473,141.08. Following the completion of the sale, the executive vice president directly owned 64,000 shares of the company’s stock, valued at approximately $18,622,720. This represents a 25.79% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.55% of the stock is owned by insiders.

Institutional Investors Weigh In On Cheniere Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in LNG. Brighton Jones LLC purchased a new stake in shares of Cheniere Energy in the fourth quarter valued at $335,000. Bank of Nova Scotia boosted its holdings in Cheniere Energy by 13.3% in the second quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock valued at $2,149,000 after acquiring an additional 1,035 shares during the last quarter. Sei Investments Co. boosted its holdings in Cheniere Energy by 23.1% in the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after acquiring an additional 34,422 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in Cheniere Energy by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after acquiring an additional 805 shares during the last quarter. Finally, Ieq Capital LLC boosted its holdings in Cheniere Energy by 87.0% in the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after acquiring an additional 16,977 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long?term and short?term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.