Texas Yale Capital Corp. Has $3.50 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Texas Yale Capital Corp. trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 40.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,981 shares of the energy company’s stock after selling 12,195 shares during the period. Texas Yale Capital Corp.’s holdings in Cheniere Energy were worth $3,495,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Ameriflex Group Inc. boosted its stake in shares of Cheniere Energy by 7.3% during the 3rd quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock worth $162,000 after buying an additional 47 shares during the last quarter. Howard Capital Management Inc. boosted its stake in shares of Cheniere Energy by 3.3% during the 3rd quarter. Howard Capital Management Inc. now owns 1,488 shares of the energy company’s stock worth $350,000 after buying an additional 48 shares during the last quarter. Quest Investment Management LLC boosted its stake in shares of Cheniere Energy by 6.1% during the 3rd quarter. Quest Investment Management LLC now owns 875 shares of the energy company’s stock worth $206,000 after buying an additional 50 shares during the last quarter. Hardy Reed LLC boosted its stake in shares of Cheniere Energy by 2.3% during the 3rd quarter. Hardy Reed LLC now owns 2,279 shares of the energy company’s stock worth $536,000 after buying an additional 52 shares during the last quarter. Finally, Keel Point LLC boosted its stake in shares of Cheniere Energy by 5.2% during the 3rd quarter. Keel Point LLC now owns 1,111 shares of the energy company’s stock worth $261,000 after buying an additional 55 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cheniere Energy

In other news, EVP Sean N. Markowitz sold 22,246 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $290.98, for a total transaction of $6,473,141.08. Following the transaction, the executive vice president directly owned 64,000 shares of the company’s stock, valued at approximately $18,622,720. This trade represents a 25.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zach Davis sold 29,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 87,146 shares in the company, valued at $26,143,800. This represents a 24.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LNG has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price objective on shares of Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Morgan Stanley cut 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. Wells Fargo & Company cut their target price on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Finally, The Goldman Sachs Group raised their target price on shares of Cheniere Energy from $276.00 to $312.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $293.50.

Cheniere Energy Trading Down 2.2%

Shares of LNG stock opened at $224.42 on Friday. The firm has a 50 day moving average price of $261.11 and a two-hundred day moving average price of $229.40. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $47.03 billion, a PE ratio of 36.91 and a beta of 0.07. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) earnings per share (EPS) for the quarter, missing the consensus estimate of $4.25 by ($20.90). The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.69 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $1.57 earnings per share. As a group, analysts predict that Cheniere Energy, Inc. will post 15.2 earnings per share for the current year.

Cheniere Energy declared that its Board of Directors has approved a stock buyback program on Thursday, February 26th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the energy company to purchase up to 21.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were issued a dividend of $0.555 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 1.0%. Cheniere Energy’s dividend payout ratio (DPR) is currently 36.51%.

Cheniere Energy Company 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.