Freedom Day Solutions LLC Has $2.73 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Freedom Day Solutions LLC cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,807 shares of the energy company’s stock after selling 133 shares during the period. Freedom Day Solutions LLC’s holdings in Cheniere Energy were worth $2,732,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LNG. Brighton Jones LLC acquired a new position in shares of Cheniere Energy in the 4th quarter worth approximately $335,000. GM Advisory Group LLC acquired a new position in shares of Cheniere Energy in the 4th quarter worth approximately $215,000. Assetmark Inc. lifted its position in shares of Cheniere Energy by 1,916.7% in the 4th quarter. Assetmark Inc. now owns 242 shares of the energy company’s stock worth $52,000 after purchasing an additional 230 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cheniere Energy by 17.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,979 shares of the energy company’s stock worth $12,458,000 after purchasing an additional 8,568 shares during the period. Finally, Independent Advisor Alliance lifted its position in shares of Cheniere Energy by 28.6% in the 4th quarter. Independent Advisor Alliance now owns 1,914 shares of the energy company’s stock worth $411,000 after purchasing an additional 426 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $234.06 on Friday. The stock’s fifty day moving average is $235.81 and its two-hundred day moving average is $228.00. The company has a market capitalization of $51.91 billion, a PE ratio of 17.12 and a beta of 0.42. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 2.24. Cheniere Energy, Inc. has a 52 week low of $167.66 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($1.24). Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The company had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter last year, the company earned $2.13 earnings per share. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy’s payout ratio is presently 14.63%.

Wall Street Analyst Weigh In

LNG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Cheniere Energy from $252.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, April 28th. Raymond James Financial restated a “strong-buy” rating on shares of Cheniere Energy in a research report on Wednesday, April 23rd. UBS Group restated a “buy” rating and issued a $277.00 price target on shares of Cheniere Energy in a research report on Tuesday, March 18th. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a research report on Wednesday, June 25th. Finally, TD Cowen boosted their target price on shares of Cheniere Energy from $260.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $258.36.

Insider Buying and Selling

In related 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 value of $1,057,499.00. Following the completion of the sale, the director owned 29,733 shares of the company’s stock, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.26% of the company’s stock.

Cheniere Energy 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.