Lewis Asset Management LLC Lowers Stock Position in Cheniere Energy, Inc. $LNG

Lewis Asset Management LLC cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 28.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,303 shares of the energy company’s stock after selling 2,448 shares during the period. Lewis Asset Management LLC’s holdings in Cheniere Energy were worth $1,789,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its position in Cheniere Energy by 41.8% during the 1st quarter. Venturi Wealth Management LLC now owns 1,312 shares of the energy company’s stock valued at $372,000 after acquiring an additional 387 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in shares of Cheniere Energy in the 1st quarter worth $228,000. Wesbanco Bank Inc. lifted its stake in shares of Cheniere Energy by 135.4% during the 1st quarter. Wesbanco Bank Inc. now owns 4,103 shares of the energy company’s stock worth $1,164,000 after purchasing an additional 2,360 shares during the last quarter. J2 Capital Management Inc boosted its position in Cheniere Energy by 6.9% during the first quarter. J2 Capital Management Inc now owns 2,854 shares of the energy company’s stock valued at $810,000 after purchasing an additional 184 shares in the last quarter. Finally, Silver Oak Securities Incorporated bought a new stake in Cheniere Energy during the first quarter valued at about $634,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cheniere Energy news, CFO Zach Davis sold 29,000 shares of the stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $300.00, for a total transaction of $8,700,000.00. Following the sale, the chief financial officer directly owned 87,146 shares of the company’s stock, valued at approximately $26,143,800. This trade represents a 24.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $241.71 on Friday. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. The company has a market cap of $50.65 billion and a PE ratio of 39.75. The company’s 50 day moving average is $243.54 and its 200 day moving average is $232.99.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) EPS for the quarter, missing the consensus estimate of $4.25 by ($20.90). The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.69 billion. Cheniere Energy had a net margin of 7.23% and a return on equity of 38.95%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 earnings per share. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 14.93 EPS for the current year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio is presently 36.51%.

Wall Street Analysts Forecast Growth

Several analysts have commented on LNG shares. Wall Street Zen lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research note on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price objective for the company. Royal Bank Of Canada increased their target price on shares of Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th. Morgan Stanley lowered their target price on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Cheniere Energy from $276.00 to $312.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $297.71.

Cheniere Energy Profile

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.