Wedmont Private Capital Lowers Position in Cheniere Energy, Inc. (NYSE:LNG)

Wedmont Private Capital cut its stake in Cheniere Energy, Inc. (NYSE:LNGFree Report) by 33.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,524 shares of the energy company’s stock after selling 777 shares during the quarter. Wedmont Private Capital’s holdings in Cheniere Energy were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cooksen Wealth LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $28,000. Scarborough Advisors LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $45,000. Quarry LP increased its position in shares of Cheniere Energy by 156.3% during the fourth quarter. Quarry LP now owns 305 shares of the energy company’s stock valued at $52,000 after acquiring an additional 186 shares during the last quarter. AJOVista LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $60,000. Finally, General Partner Inc. purchased a new stake in shares of Cheniere Energy during the first quarter valued at approximately $77,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on LNG shares. JPMorgan Chase & Co. increased their price target on Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. UBS Group reduced their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Stifel Nicolaus increased their price objective on Cheniere Energy from $204.00 to $208.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, TD Cowen increased their price objective on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a report on Monday, June 17th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $198.64.

Check Out Our Latest Analysis on LNG

Cheniere Energy Price Performance

Cheniere Energy stock opened at $164.92 on Friday. Cheniere Energy, Inc. has a one year low of $146.58 and a one year high of $183.46. The stock has a fifty day moving average of $158.39. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $37.75 billion, a price-to-earnings ratio of 8.03 and a beta of 0.95.

Cheniere Energy (NYSE:LNGGet Free Report) last posted its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the business earned $6.89 earnings per share. Cheniere Energy’s revenue was down 41.8% on a year-over-year basis. Sell-side analysts expect that Cheniere Energy, Inc. will post 8.31 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, August 9th. Cheniere Energy’s payout ratio is currently 8.48%.

Cheniere Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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